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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.
-Assuming that you have made all of the first 24 payments on time,how much interest have you paid over the first two years of your loan?
Critical Thinking
An aim to systematically scrutinize and appraise a matter for making a decision.
Challenging Assumptions
The act of questioning and critically evaluating the underlying premises on which beliefs and decisions are based.
Accepting Disposition
Describes a personality trait characterized by openness, tolerance, and a readiness to embrace experiences, perspectives, and changes.
Accurate Recollections
The ability to remember past events precisely as they happened.
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