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:

Dehiscence

The partial or total separation of layers of a surgical wound, which can delay healing and may require further medical intervention.

Evisceration

A severe medical condition where internal organs protrude outside the body, usually through a surgical incision or wound.

Skin Integrity

The condition of healthy and intact skin, which is essential for protecting against infection and disease.

Impaired Skin

Refers to the condition where the skin loses its integrity, leading to issues such as breaks, tears, or erosions.