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The Mercedes Benz $ 5 8 0 sells for $ 1 3 1 , 0 0 0 . Mercedes Benz offers a 4 - year
The Mercedes Benz $ sells for $ Mercedes Benz offers a year loan at a rate of APR
with monthly payments. The loan also features a balloon payment payable at the end of the loan term.
The balloon payment is separate from in addition to the final monthly payment. You have $ for a
downpayment and you want your monthly payments to be exactly $ Given these values, how big
does the balloon payment have to beIgnore taxes. Round your answer to the nearest dollar.
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