If you borrow $$41,000$ from a bank for $5$ years at an interest rate of $10\mathrm{.}5\%,$ how much will you owe in balloon payment at the end of the loan's term? This is a balloon loan with all payment due at the end. Round to the nearest dollar.

Type your numeric answer and submit

Numeric Answer $-$ Type your numeric answer and submitIf you borrow $$41,000$ from a bank for $5$ years at an interest rate of $10\mathrm{.}5\%,$ how much will you owe in balloon payment at the end of the loan's term? This is a balloon loan with all payment due at the end. Round to the nearest dollar.

Type your numeric answer and submit

Numeric Answer $-$ Type your numeric answer and submit