Use the Information for the Question(s)below

question 24

Essay

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 how much interest have you paid over the first two years of your loan?

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Definitions:

General Mental Ability

An overall capacity to think abstractly, reason, plan, and solve problems, often considered synonymous with intelligence.

Stated Intentions

The declared or expressed purposes or goals of an individual or group, often used to predict future actions.

Motivation

Motivation is the process that initiates, guides, and maintains goal-oriented behaviors, driving individuals to pursue and achieve objectives.

Aptitude Tests

Standardized tests designed to measure an individual's potential to succeed in a particular activity.