Answer:
$14,328.
Explanation:
Since Robert purchased a 2010 model sedan for $ 18,000, and the dealership offered him a $ 99 / month payment plan for 48 months, at the end of which the unpaid balance will be due, if the interest rate is 6%, to find the balloon payment due at the end of 48 months the following calculation must be performed:
18,000 x 1.06 = 19,080
19,080 - (99 x 48) = X
19.080 - 4.752 = X
14,328 = X
Thus, after 48 months, the balloon payment due will be $ 14,328.