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Arthur purchased a 2010 model sedan for $20,000. The dealership offered him a $149/month payment for 48 months, after which the unpaid balance is due. If the interest rate is 6%, find the balloon payment
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2 votes
Arthur purchased a 2010 model sedan for $20,000. The dealership offered

him a $149/month payment for 48 months, after which the unpaid balance is
due. If the interest rate is 6%, find the balloon payment due at the end of 48
months.​

User Agargara
by
5.6k points

2 Answers

0 votes

Answer: $ 17,349.21

Explanation:

User Gajendra D Ambi
by
5.0k points
3 votes

Answer: the answer is $ 17,349.21 APEX

User Razvi
by
5.9k points
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