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Blake bought a new car and financed$23,000 $23,000to make the purchase. He financed the car for60 60months with an APR of5.5% 5.5%. Assuming he made

Blake bought a new car and financed$23,000

$23,000to make the purchase. He financed the car for60

60months with an APR of5.5%

5.5%. Assuming he made monthly payments, determine the total interest Blake paid over the life of the loan. Round your answer to the nearest cent, if necessary.

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