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Fritz Benjamin buys a car costing $7400. He agrees to make payments at the end of each monthly period for 8 years. He pays 10.8%

Fritz Benjamin buys a car costing $7400. He agrees to make payments at the end of each monthly period for 8 years. He pays 10.8% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay.

A. Fritz's monthly payment is $

(Round to the nearest cent.)

B. Fritz will pay a total of $ in interest

(Round to the nearest cent.)

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