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Please assist me in the calculation of a balloon payment. I have a similar problem to this one to figure out using a financial calculator:

Please assist me in the calculation of a balloon payment. I have a similar problem to this one to figure out using a financial calculator:

You are looking to purchase a Tesla model X sport utility vehicle. The price of the vehicle is $93,500. You negotiate a six-year loan with no money down and no monthly payments during the first year. After the first year, you will pay $1300 per month for the following five years, with a balloon payment at the end to cover the remaining principal on the loan. The APR on the loan with monthly compounding is 5%. What will be the amount of the balloon payment six years from now?

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