6. Two years ago you purchased a new SUV for $50,000. You financed your SUV for 60 months at 6.15% APR (with payments made at the end of the month). You have just made your 24th monthly payment on your SUV. Assuming that you have made all of the first 24 payments on time, what is the outstanding principal balance (rounded to the nearest dollar) on your SUV loan? A) $31,818 B) $34,925 C) $17,818 D) $23,283 06056250.030750.1025859.64 7. If the current inflation rate is 2.0% and the nominal interest rate is 7.3%, what is the real interest rate? A) 13.2% B) 14.6% C) 5.2% D) 9.3%