8.5.3 Quiz: Dealer Incentives
Question 8 of 10
2 Points
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
O
O
A. $29,278.27
B. $25,000
C. $28,153.21
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