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Suppose you take a loan of $ 2 5 , 0 0 0 for a car for 4 years. The interest rate is 7 .
Suppose you take a loan of $ for a car for years. The interest rate is percent, compounded monthly.
What is the total interest you paid on your loan over the year period?
Enter your answer rounded off to two decimal places. Do not enter $ in the answer box.
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