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You take out a 7-year amortized loan to buy a new car. After making monthly payments of $245.10 for 4 years, you still owe $8,308.

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You take out a 7-year amortized loan to buy a new car. After making monthly payments of $245.10 for 4 years, you still owe $8,308. If you decided to pay the loan off, how much will you save in interest? DR. A total of swould be saved in interest. (Round to the nearest cent as needed.)

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