E-Loan, an online lending service, recently offered 36-month auto loans at 7.56% compounded monthly to applicants with

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E-Loan, an online lending service, recently offered 36-month auto loans at 7.56% compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $350, how much can you borrow from E-Loan? What is the total interest you will pay for this loan?
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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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