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Will bought a new car and financed $14,000 to make the purchase. He financed the car for 60 months with an APR of 5.5%. Assuming
Will bought a new car and financed $14,000 to make the purchase. He financed the car for 60 months with an APR of 5.5%. Assuming he made monthly payments, determine the total interest Will paid over the life of the loan. Round your answer to the nearest cent, if necessary.
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