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Fritz Benjamin buys a car costing $15300. He agrees to make Fritz's monthly payment is $ payments at the end of each monthly period for
Fritz Benjamin buys a car costing $15300. He agrees to make Fritz's monthly payment is $ payments at the end of each monthly period for 6 years. He pays 9.6% interest, compounded monthly. What is the amount of each (Round to the nearest cent.) payment? Find the total amount of interest Fritz will pay. Fritz will pay a total of $in interest. (Round to the nearest cent.)
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Accounting
Authors: Michael J. Jones
3rd Edition
1119977185, 9781119977186
