Roy purchased a 2010 model sedan for $21,000. the dealership offered him a $149/month payment plan for 60 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.

$26,870.12

A financial calculator can tell you the future value (remaining balance) of the loan after 60 payments is $17930.12. The 60 payments total ...

... $149×60 = $8940

so the total amount paid for the vehicle is ...

... $8940 +17930.12 = $26,870.12

_____

The attachment shows the calculation of the remaining balance added to payments made to get to that balance. Negative amounts are amounts paid.

$26,870.12

Step-by-step explanation:

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7

step-by-step explanation:

the answer would be 7

the simplified form is

step-by-step explanation:

we want to simplify the expression,

let us change the middle bar to a normal division sign to obtain,

we multiply the first fraction by the reciprocal of the second fraction to obtain,

we factor to obtain,

we cancel the common factors to get,

we simplify to get,

the correct answer is b