Question: Please help Homework: Quiz 4.B Annuity & Amortization (Over 5.2, 5.3) Question 11, 5.3.41-BE Part 1 of 2 HW Score: 28.57 points O Points: 0

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Homework: Quiz 4.B Annuity & Amortization (Over 5.2, 5.3) Question 11, 5.3.41-BE Part 1 of 2 HW Score: 28.57 points O Points: 0 of Fritz buys a car costing $9400. He agrees to make payments at the end of each monthly period for 5 years. He pays 10.8% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay Fritz's monthly payment is $ (Round to the nearest cent.)

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