Question 12. Fritz Benjamin buys a car costing $17600. He agrees to make payments at...
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Question 12.
Fritz Benjamin buys a car costing $17600. He agrees to make payments at the end of each monthly period for 7 years. He pays 8.4% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay.
Fritz's monthly payment is $__
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