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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The Answer of 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.

Use the Information for the Question(s)below