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:

Business Writing

The process of composing informative or persuasive communication in a professional context.

Universal Meaning

A concept or idea that is understood and accepted globally across different cultures and languages.

Courteous Business Messages

Communication in business that is polite, respectful, and considers the feelings and positions of the receivers.

Effective Communicators

Individuals who are skilled at conveying information, ideas, or feelings in a way that others can understand, respond to, and engage with meaningfully.