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Fritz Benjamin buys a car costing $9900. He agrees to make payments at the end of each monthly period for 7 years. He pays 9.6%
Fritz Benjamin buys a car costing $9900. He agrees to make payments at the end of each monthly period for 7 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's monthly payment is $ (Round to the nearest cent.) Fritz will pay a total of $ in interest. (Round to the nearest cent.)
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