Question: You are looking t o purchase a Tesla Model S luxury sedan. The price of the car is $77, 520. However, you negotiate a six-year

You are looking t o purchase a Tesla Model S luxury sedan. The price of the car is $77, 520. However, 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 $1,250 per month for the following five years, with a balloon 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? Please provide instructions on how to work problem with a BA2+ calculator

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