E-loan an online lending service recently offered 60 -month, Finance Basics

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E-loan an online lending service recently offered 60 -month

Question: E-Loan, an online lending service, recently offered 60 -month auto loans at 3.9 % compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $586, how much can you borrow from E-Loan? What is the total interest you will pay for this loan?

You can barrow $ __ Round to two decimal places

You will Pay a total of $___ in Round to two decimal places

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Finance Basics: E-loan an online lending service recently offered 60 -month

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Finance Basics: E-loan an online lending service recently offered 60 -month

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