Amazon Boosts Monthly Prime Membership Fees By 20 Percent

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NEW YORK (AP) - Amazon is boosting the price of its monthly Prime membership fees for new and existing members by nearly 20 percent.

The online retailer says its annual membership fee of $99 will not change.

Starting Friday, new members will pay $12.99 a month, up from $10.99. Qualifying college students will pay $6.49 a month, up from $5.49.

Amazon.com Inc. says existing monthly members will start paying the higher fees next month.

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