Question
Fritz Benjamin buys a car costing $ 13900 . He agrees to make payments at the end of each monthly period for 8 years. He
Fritz Benjamin buys a car costing $13900. He agrees to make payments at the end of each monthly period for 8 years. He pays 7.2% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay.
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Making Hard Decisions with decision tools
Authors: Robert Clemen, Terence Reilly
3rd edition
538797576, 978-0538797573
