Use the Information for the Question(s)below

question 24

Essay

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 how much interest have you paid over the first two years of your loan?

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Definitions:

Stakeholders

Individuals or groups that have an interest, investment, or stake in a project, business, or decision, potentially impacting or being impacted by the outcome.

Company's Success

The achievement of specific business objectives and goals, often reflected in financial performance, market share, and stakeholder value.

Shareholders

Individuals or entities that own shares in a corporation, giving them partial ownership and certain rights within the company.

Stakeholder

An individual, group, or organization that has interest or concern in an organization and can affect or be affected by the organization's actions, objectives, and policies.