E-Loan, an online lendingservice, recently offered 36-month auto loans at 3.9% compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $326, how much can you borrow fromE-Loan? What is the total interest you will pay for thisloan?

You can borrow $_____

You will pay a total of $_____ in interest

. (Round to two decimalplaces.)