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You will pay a total of ____ in interest.(Round to two decimal places.) The total interest paid is _____ (2 decimal) E-Loan, an online lending
You will pay a total of ____ in interest.(Round to two decimal places.)
The total interest paid is _____ (2 decimal)
E-Loan, an online lending service, recently offered 48-month auto loans at 5.7% compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $566, how much can you borrow from E-Loan? What is the total interest you will pay for this loan? You can borrow $ (Round to two decimal places.) If you buy a computer directly from the manufacturer for $2,606 and agree to repay it in 36 equal installments at 1.63% interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid? Your monthly payment is $ (Round to two decimal places.)Step by Step Solution
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