Mathematics

9 April, 03:16

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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