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Mark borrows $ 1 5 , 0 0 0 to buy a new car. His loan has an interest rate of 6 . 5 %
Mark borrows $ to buy a new car. His loan has an interest rate of compounded monthly, and his monthly payment is $ If instead his loan had an interest rate of how much more would he have paid in interest by the time he finished repaying his loan in months?
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