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You are looking to purchase a Tesla Model x sport utility vehicle. The price of the vehicle is $ 9 3 , 5 0 0

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 $1,300 per month for the following five years, with a ballo@n payment at the end to cover the remaining principal on the loan. The APR on the loan with monthly compounding is 5 percent. What will be the amount of the balloon payment six years from now?
Note: Do not round monthly interest rate calculation. Round intermediate value calculation and final answer to the nearest dollar.
Amount of balloon payment
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