Roy purchased a 2010 model sedan for $21,000. the dealership offered him a $149/month payment plan for 60 months, at the end of which the unpaid balance will be due. if the interest rate is 6%, find the total cost of this vehicle, including the balloon payment.

$26,870.12

A financial calculator can tell you the future value (remaining balance) of the loan after 60 payments is $17930.12. The 60 payments total ...

... $149×60 = $8940

so the total amount paid for the vehicle is ...

... $8940 +17930.12 = $26,870.12

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The attachment shows the calculation of the remaining balance added to payments made to get to that balance. Negative amounts are amounts paid.

$26,870.12

Step-by-step explanation:

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step-by-step explanation:

the camry sales+accord sale=828,000. to make it so the two numbers are 18 thousand apart and still equal 828,000, you first need to find out what half of 828,000 is. 828,000/2=414,000. for the two numbers to equal 828,000, you have to add the same amount as you subtract from the middle. in this case, the number is 9,000 because it's half of 18,000. to equal 828,000, you have to add 9,000 to 414,000 for the camry and subtract 9,000 from 414,000 for the accord. 414,000+9,000=423,000.

414,000-9,000=405,000.

423,000+405,000=828,000.

423,000-405,000=18,

hope it