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

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Definitions:

SAE J1939

Covers both the hardware and software protocols used on the current CAN 2.0 platform for medium-/heavy-truck data bus. A J1939 truck data bus is accessed by connecting to an EST to a nine-pin Deutsch black (pre-2014) or green (post-2014) connector. Post-2014 Volvo-Mack applications require a J1962 connector.

Byte

An arrangement of 8 bits. Each bit can express one of two states such as 0 or 1, high or low voltage, etc. One byte can, therefore, be used to express up to 256 different states.

Bits

Basic units of data in computing, representing a logical state with values of either 0 or 1.

Vehicle ECU

The Electronic Control Unit in a vehicle, which is a central computer responsible for managing and controlling the car's engine and other systems.