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.

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Definitions:

Deontological Theory

An ethical theory that suggests actions are morally right or wrong based on adherence to rules or duties, regardless of the outcomes.

Consequences

The outcomes or effects that result from a particular action or set of actions, often used in moral and ethical considerations to evaluate the rightness of actions.

Categorical Imperatives

Fundamental principles in Kantian ethics that dictate how one should act, regardless of personal desires or goals.

Reason and Emotion

The interplay between cognitive processes of logical thinking and the subjective experience of feelings, both influencing human decision-making and behavior.