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E-Loan, an online lendingservice, recently offered48-month auto loans at 5.7% compounded monthly to applicants with good credit ratings. If you have a good credit rating

E-Loan, an online lendingservice, recently offered48-month auto loans at 5.7% compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of$277,how much can you borrow fromE-Loan? What is the total interest you will pay for thisloan?

You can borrow$ ?.(Round to two decimalplaces.)

interest ?

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