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Manuel is shopping for a new car and is interested in buying a car with a sticker price of $28,000. He is making a down
Manuel is shopping for a new car and is interested in buying a car with a sticker price of $28,000. He is making a down payment of $3,000. The dealer financing agent calculates that Manuel will pay $393.41 monthly for 6 years at 4.2% compounded monthly. How much total interest will Manuel pay on the car over the life of the loan. Enter the amount in dollars and cents but without the dollar sign or commas
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