Use the Information for the Question(s) Below

question 24

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. Your 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) $37,000
• B) $32,000
• C) $20,300
• D) $31,250

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Definitions:

Sustainability Concept

The principle of meeting present needs without compromising the ability of future generations to meet theirs, particularly in environmental, social, and economic contexts.

Rate of Replenishment

The speed at which resources, such as inventory or cash, are renewed or restocked to maintain operational efficiency.

Green Chemistry

An area of chemistry focused on designing products and processes that minimize or eliminate the use and generation of hazardous substances.

Renewable Feedstocks

are materials that are continually replenished naturally and can be used repeatedly to manufacture products, reducing reliance on non-renewable resources.