A car is purchased for $6,738.81 with $2,000 down and a loan to be repaid at $100 a month for 4 years followed by a balloon payment. If the interest rate is 12% compounded monthly, how large wil the...

Extracted text: A car is purchased for $6,738.81 with $2,000 down and a loan to be repaid at $100 a month for 4 years followed by a balloon payment. If the interest rate is 12% compounded monthly, how large wil the balloon payment be? The balloon payment will be $ (Round to the nearest cent as needed.)