Mathematics, 08.12.2020 05:20 MathChic68

Francisco purchased a 2010 model sedan for $24,999. The dealership offered him a $199/month payment for 48 months, after which the unpaid balance is due. If the interest rate is 6%, find the
balloon payment due at the end of 48 months.

Answers: 2

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Francisco purchased a 2010 model sedan for $24,999. The dealership offered him a $199/month payment...

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Francisco purchased a 2010 model sedan for $24,999. The dealership offered him a $199/month payment for 48 months, after which the unpaid balance is due. If the interest rate is 6%, find the balloon payment due at the end of 48 months.

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Another question on Mathematics

Francisco purchased a 2010 model sedan for $24,999. The dealership offered him a $199/month payment for 48 months, after which the unpaid balance is due. If the interest rate is 6%, find the
balloon payment due at the end of 48 months.