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Derek purchased a 2010 model sedan for $21,000. The dealership offered him a $149/month payment plan for 60 months, at the end of which the unpaid balance will be due. If the in…

Derek purchased a 2010 model sedan for $21,000. The dealership offered him a $149/month payment plan for 60 months, at the end of which the unpaid balance will be due. If the in…
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Derek purchased a 2010 model sedan for $21,000. The dealership offered him a $149/month payment plan for 60 months, at the end of which the unpaid balance will be due. If the interest rate is 6%, find the balloon payment due at the end of 60 months.

User Manabu
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1 Answer

4 votes

Answer: The answer is C $17,930.12

Step-by-step explanation:

User Arctic
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