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Suppose that you borrow $ 1 0 , 0 0 0 for five years at 6 % toward the purchase of a car. Find the

Suppose that you borrow $

10, 000

for five years at

6 %

toward the purchase of a car.

Find the total interest for the loan.

The monthly payment is $

193.33

The total interest for the loan is $

(

Round to the nearest cent as needed.

)

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