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 5.95% APR. Your monthly payments are $386.19 and you have just made your 24th monthly payment on your SUV. The amount of your original loan is closest to ________.
A) $22,000
B) $20,000
C) $24,000
D) $28,000
Correct Answer:
Verified
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