Asked by Sherry
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?
Answers
Answered by
Jahmere
12300*7.2=885.6
7.2%*8=57.6
7.2%*8=57.6
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