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Skylar is applying for a car loan worth $17,963 at and annual interest rate of 5.4% that will be paid monthly over the course of
Skylar is applying for a car loan worth $17,963 at and annual interest rate of 5.4% that will be paid monthly over the course of the next 5 years. What is the cost of financing (or the interest cost) of this agreement? (Hint: How much more would Skylar pay for the car over the course of the loan compared to if they paid for it with cash?) Note: Please enter your answer without the "$" symbol.
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