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Fritz Benjamin buys a car costing $7900. He agrees to make payments at the end of each monthly period for 7 years. He pays 4.8%

Fritz Benjamin buys a car costing

$7900. He agrees to make payments at the end of each monthly period for 7 years. He pays 4.8% interest, compounded monthly.

(a) What is the amount of each payment?

(b) Find the total amount of interest Fritz will pay.

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