Robert purchased a 2010 model sedan for $16,000. The dealership offered him a $99/month payment for 60 months, after which the unpaid balance is
due. If the interest rate is 6%, find the balloon payment due at the end of 60
months.
O
A. $17,513.12
O
B. $15,000
C. $18,153.21
O
D. $14,674.37

The correct option is D. $14,674.37​.

Step-by-step explanation:

This can be calculated using the ballon payment formula as follows:

P = (PV - (Ballon / (1 + r)^n)) * (r / (1 – (1 + r)^-n)) (1)

Where:

P = Monthly payment = $99

PV = present value of the loan or the purchase price of the 2010 model sedan = $16,000

Ballon = Ballon payment due at the end of 60 months = ?

r = monthly interest rate = 6% / 12 = 0.06 / 12 = 0.005

n = number of periods or months = 60

Substituting the values into equation (1) and solve for Ballon, we have:

$99 = ($16,000 - (Ballon / (1 + 0.005)^60)) * (0.005 / (1 -(1 + 0.005)^-60))

$99 = ($16,000 - (Ballon / 1.3488501525493)) * 0.0193328015294284

$99 / 0.0193328015294284 = ($16,000 - (Ballon / 1.3488501525493))

$5,120.83051436193 = $16,000 - (Ballon / 1.3488501525493)

Ballon / 1.3488501525493 = $16,000 - $5,120.83051436193

Ballon / 1.3488501525493 = $10,879.1694856381

Ballon = $10,879.1694856381 * 1.3488501525493

Ballon = $14,674.3694203126

Rounding to 2 decimal places, we have:

Ballon = $14,674.37

Therefore, the correct option is D. $14,674.37​.

answer: 80,000

step-by-step explanation:

the population doubles every day.

10,000*2=20,000 day 4

20,000*2=40,000 day 5

40,000*2=80,000 day 6

which would be true for stem changing verbs?

they have a consistent spelling change in the stem of the verb.

what is different about the verb “venir” as compared to other stem-changing verbs?

only the third person forms have a stem change.

which of the following could not be considered a “stem-changing” verb?

querer

which of the following would not be condsidered an event?

desfile

what word could be used in response to the following?

¿qué quieres comprar?

quero

what word could be used in response to the following?

¿dónde uds. pueden ir?

vamos  

ellos ir al centro comercial.

yo comprar un vestido.

pedimos

dónde tú?

dormes

step-by-step explanation: