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Use the Information for the Question(s)below

Question 61

Multiple Choice

Use the information for the question(s) below.
Two years ago,you purchased a new SUV.You financed your SUV for 60 months (with payments made at the end of the month) with a loan at 5.9% APR.You monthly payments are $617.16 and you have just made your 24th monthly payment on your SUV.
-The amount of your original loan is closest to:


A) $14,808.
B) $22,212.
C) $32,000.
D) $37,020.

Correct Answer:

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