Question: E-Loan recently offered 36-month auto loans at 9.84% compounded monthly to applicants with fair credit ratings. If you have a fair credit rating and can

E-Loan recently offered 36-month auto loans at 9.84% compounded monthly to applicants with fair credit ratings. If you have a fair 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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