Use the Information for the Question(s)below

question 14

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.
-Assuming that you have made all of the first 24 payments on time,then the outstanding principal balance on your SUV loan is closest to:

• A)$14,808.
• B)$20,300.
• C)$22,212.
• D)$32,000.

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Definitions:

Customer Groups

Segments of customers categorized based on shared characteristics, preferences, or behaviors, for targeted marketing or service strategies.

Work Flow Analysis

The study of the flow of work processes and activities with the aim of identifying opportunities for improvement in efficiency and performance.

Outputs

The results or products that come from the processes of a system, organization, or project.

Production

The method of producing products and services by integrating work, resources, and technological innovation.