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

Respuesta :

goldeneagle1

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

Answer:

$19,726.27 Apex

Step-by-step explanation:

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