E-Loan, an online lending service, recently offered 36-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...

E-Loan, an online lending service, recently offered 36-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 $262, how much can you borrow from E-Loan? What is the total interest you will pay for this loan?