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Use the information for the question(s) below. Two years ago you purchased a new Subaru Forester. You financed your SUV for 60 months (with payments
Use the information for the question(s) below. Two years ago you purchased a new Subaru Forester. 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 Subaru. Assuming that you have made all of the first 24 payments on time, then the outstanding principal balance on your car loan is closest to:
A. 19200
B.31250
C. 20300
D. 32000
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