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Fritz's monthly payment is $ Fritz Benjamin buys a car costing $12200. He agrees to make payments at the end of each monthly period for
Fritz's monthly payment is $ Fritz Benjamin buys a car costing $12200. He agrees to make payments at the end of each monthly period for 5 years. He pays 8.4% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay. (Round to the nearest cent.) Fritz will pay a total of Sin interest. (Round to the nearest cent.)
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