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Need help, please show work (for both questions) Fritz Benjamin buys a car costing $20800. He agrees to make payments at the end of each
Need help, please show work (for both questions)
Fritz Benjamin buys a car costing $20800. He agrees to make payments at the end of each monthly period for 4 years. He pays 48% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay. Fritz's monthly payment is S 477.13 (Round to the nearest cent.) Fritz will pay a total ofSi nterest (Round to the nearest cent.)
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