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(1 point) A car is purchased for $8000 with $1500 down and a loan to be repaid at $130 a month for 4 years followed

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(1 point) A car is purchased for $8000 with $1500 down and a loan to be repaid at $130 a month for 4 years followed by a balloon payment. If the interest rate is 6% compounded monthly, how large will the balloon payment be

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