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. 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,how much interest have you paid over the first two years of your loan?
Correct Answer:
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$3,128.78
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Correct Answer:
Verified
First,figure out the outstandi...
View Answer
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Get Access to more Verified Answers free of charge
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