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Lisa is applying for a loan worth $ 4 5 , 5 8 1 at and annual interest rate of 3 . 6 2 %

Lisa is applying for a loan worth $45,581 at and annual interest rate of 3.62% that will be paid monthly over the course of the next 5 years. What is the cost of financing (or cost of interest) for this agreement, assuming all monthly payments are paid in full?

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