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The price of a car you are interested in buying is $93.3k. You negotiate a 6-year loan, with no money down and no monthly payments

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The price of a car you are interested in buying is $93.3k. You negotiate a 6-year loan, with no money down and no monthly payments during the first year. After the first year, you will pay $1.22k per month for the following 5 years, with a balloon payment at the end to cover the remaining principal on the loan. The annual percentage rate (APR) on the loan with monthly compounding is 5%. What will be the amount of the balloon payment 6 years from now? Note: The term "K" is used to represent thousands (

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