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Mathematics, 19.03.2020 01:39 hmu323

Walter 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 total cost of this

vehicle, including the balloon payment.

O

A. $29,278.27

O

O

O

B. $25,000

C. $24.448

D. $28,153.21

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Answers: 3

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