Determine total interest to pay for the loan


E-loan, the online lending service, currently presented 48-month auto loans at 4.2% compounded monthly to applicants with good credit ratings. If you have the good credit rating and can afford monthly payments of given amount $446. How much to borrow from E-Loan? Determine total interest you will pay for the loan?

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Mathematics: Determine total interest to pay for the loan
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