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8. Your dream car, the Lotus Espirit, is selling for $100,000 today. Being a college student, you can only afford a monthly payment of $1,100.

8. Your dream car, the Lotus Espirit, is selling for $100,000 today. Being a college student, you can only afford a monthly payment of $1,100. Your grandfather offers you a 10 year, 12% balloon loan. How large is the balloon" which is due at the end of year 10? a. $23329 b. $76996 c. $81354 d. $100000 e. $104228 er 100 EV

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