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:

Manipulating

The act of controlling or influencing a person or situation cunningly or unfairly, often for one's own advantage.

Nonjudgmental

An attitude or approach of acceptance without making moral or evaluative judgments.

Relationships

Connections or associations between people, based on feelings, interactions, and commitments.

Confidentiality

The practice of keeping information secret and ensuring it is accessed only by authorized individuals.