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.
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Home » Mathematics » 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.