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E - Loan, an online lending service, recently offered 3 6 - month auto loans at 4 . 5 % compounded monthly to applicants with

E-Loan, an online lending service, recently offered 36-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 $281, how
much can you borrow from E-Loan? What is the total interest you will pay for this loan?
(Round to two decimal places.)
PART B
What is the interest?
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