maddyaspling maddyaspling

04-02-2021
Mathematics

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12. Francisco purchased a 2010 model sedan for $24,999. The dealership offered him a
$199/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.

Respuesta :

madethisfortwitch1 madethisfortwitch1

04-02-2021

Answer:

21,194.49

Step-by-step explanation:

I'm assuming that the 6% is a nominal interest rate

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