Question: ( 0 - 6 pts ) The Ford Focus seems like the most reasonably priced car on the lot. The car sells for $ 1

(0-6 pts) The Ford Focus seems like the most reasonably priced car on the lot. The car sells for
$15,799. A special promotional financing is available where you pay 10% up front and only $225 per
month (at the end of each month). The annual interest rate is 3.5% interest compounded monthly.
The loan duration is 5 years at the end of which you will owe a balloon payment for the remaining
amount. Write an Excel function in cell 15 to determine the value of the Balloon payment. (Hint: Use
the ) function here. No $ are needed since you are not copying down or across here.).
 (0-6 pts) The Ford Focus seems like the most reasonably priced

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