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OpenStudy (anonymous):
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. A. $25,000 B. $24,448 C. $29,278.27 D. $28,153.21
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