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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 $580 sells for $131,000. Mercedes Benz offers a 4-year loan at a rate of 4%(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 $7000 for a
downpayment and you want your monthly payments to be exactly $600. Given these values, how big
does the balloon payment have to be?(Ignore taxes.) Round your answer to the nearest dollar.
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