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March 28, 2017

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Fritz benjamin buys a car costing $12300. He agrees to make payment at the end of each month period for 8 years. He pays 7.2% interest compounded monthly. what is the amount of each payment? find the total amount of interest fritz will pay?

  • math - ,

    12300*7.2=885.6
    7.2%*8=57.6

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