Use the Information for the Question(s) Below

question 61

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.
-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) $31,250
• B) $20,300
• C) $19,200
• D) $32,000

---

Definitions:

Having Sex

The act of engaging in sexual intercourse or sexual activities, typically involving two or more individuals.

Hypothalamus

A region of the brain that plays a crucial role in many essential functions, including hormone release, regulation of body temperature, and hunger control.

Appetite

The natural desire to satisfy a bodily need, especially for food.

Hormone

A chemical substance produced in the body that controls and regulates the activity of certain cells or organs.