Use the information for the question(s) below.

You are three years into creating your cake delivery business. Back when the business started you bought a new van. You financed this van for 72 months (with payments made at the end of each month) at a rate of 5.9% APR with monthly payments of $632.58. You have just made your 36th monthly payment.

After your first 36 monthly payments, the outstanding principal balance on your van loan is closest to:

options:

$21,400

$20,800

$20,300

$19,900

$21,200