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What is the total interest you will pay for loan

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E-Loan, an online lending? service, recently offered 48?-month auto loans at 4.5% compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $269?, how much can you borrow from? E-Loan? What is the total interest you will pay for this? loan?

Reference no: EM133075381

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