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:

Question 5 options:

	$21,400
	$20,800
	$20,300
	$19,900
	$21,200