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:

Cervical Mucus

A fluid produced by the cervix that varies in consistency throughout the menstrual cycle, playing an important role in fertility and protecting the uterus from infections.

Mutual Masturbation

A sexual activity involving two or more individuals who stimulate their own genitals, often simultaneously, to achieve sexual pleasure.

Birth Control Pills

Hormonal medications taken orally by women to prevent ovulation and thereby avoid pregnancy.

Abstinence

The practice of refraining from some or all aspects of sexual activity for medical, psychological, legal, social, financial, philosophical, or religious reasons.