Jarrod purchased a 2010 model sedan for $18,000. The dealership offered
him a $99/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. $27,513.12
B. $25,000
C. $29,726.27
D. $22,265.12
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