7 . Mitsuhide is going to purchase a boat . He is suggested a plan to repay the loan of $ 950000 :
A total of 120 equal monthly payments have to be paid at the end of each month , with a nominal annual interest rate of 3.3 %, compounded monthly .
( a ) Find the amount of monthly payment .
( b ) Find the total amount to be paid .
( c ) Hence , find the amount of interest paid .
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