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3. You took out a $24,600 car loan for 6 years that has a 4% rate compounded monthly. Monthly payments are $384.87. How much interest

3. You took out a $24,600 car loan for 6 years that has a 4% rate compounded monthly. Monthly payments are $384.87. How much interest will you pay over the life of the loan? Show and explain your work

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