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Loan, an online lending service, recently offered 60 -month auto loans at 5.7% compounded monthly to applicants with good credit ratings. you have a good

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Loan, an online lending service, recently offered 60 -month auto loans at 5.7% compounded monthly to applicants with good credit ratings. you have a good credit rating and can afford monthly payments of $405, how much can you borrow from E-Loan? What is the total interest ou will pay for this loan

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