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Algebra
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Kevin gets an auto loan of $12,000 at 6% annual interest. The terms of his loan state that he has to pay $281.82 each month for 4 years. How much total interest will he have to pay? A $288 B $720 C $1527.36 D $3381.34
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He has to pay $281.82 per month, and there are 4*12=48 months in 4 years. So what is the total cost?
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