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Fritz Benjamin buys a car costing $6100. He agrees to make payments at the end of each monthly period for 7 years. He pays 9.6%

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Fritz Benjamin buys a car costing $6100. He agrees to make payments at the end of each monthly period for 7 years. He pays 9.6% interest, compounded monthly. (a) What is the amount of each payment? (b) Find the total amount of interest Fritz will pay. (a) Fritz's monthly payment is $ (Round to the nearest cent as needed.)

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