alex purchased a 2010 model sedan for $24,000. The dealership offered him a $199/month payment plan for 48 months, at the end of

Question

3 years ago

12

which the unpaid balance will be due. If the interest rate is 6%, find the balloon payment due at the end of 48 months.

2 answers:

trapecia [35] · Answer 1 · 2022-02-17T23:50:10+03:00

7 0

a = prt

a = 24,000 x 0.06 x(48 / 12)(you have to turn months into years)

a = 24,000 x 0.06 x 4

a = $5,760

The payment due is $5,760

frutty [35] · Answer 2 · 2022-02-18T01:20:32+03:00

6 0

Answer:

$19,726.27 Apex

Step-by-step explanation: