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theres two parts, 1) frit'z monthly payment $ and 2) how much fritz will pay in total $ in interest Fritz Benjamin buys a car
theres two parts, 1) frit'z monthly payment $ and 2) how much fritz will pay in total $ in interest
Fritz Benjamin buys a car costing $13000. He agrees to make Fritz's monthly payment is $ payments at the end of each monthly period for 8 years. He pays 8.4% interest, compounded monthly. What is the amount (Round to the nearest cent.) of each payment? Find the total amount of interest Fritz will payStep by Step Solution
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