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OpenStudy (anonymous):
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. A. $18,153.21 B. $14,448 C. $19,726.27 D. $15,000
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OpenStudy (anonymous):
c. 19,726.27
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