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Fritz Benjamin buys a car costing $18400. He agrees to make payments at the end of each monthly period for 4 years. He pays 9.6%

Fritz Benjamin buys a car costing $18400. He agrees to make payments at the end of each monthly period for 4 image text in transcribed years. He pays 9.6% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay.

Fritz Benjamin buys a car costing $18400. He agrees to make payments at the end of each monthly period for 4 years. He pays 9.6% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay

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