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E-loan, an online lending service, recently offered 60-morth auto loans at 45% compounded monthly to applicants with good credit ratings. If you have a good

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E-loan, an online lending service, recently offered 60-morth auto loans at 45% compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $499, how much can you borrow from E-Loan? What is the total interest you will pay for this loan? You can borrow $(Round to two decimal places) You will pay a total of sin interest. (Round to two decimal places.)

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