Question: Use the information for the question(s) below. 2 years ago, you purchased a new SUV. You financed your SUV for 72 months (with payments made

Use the information for the question(s) below. 2 years ago, you

Use the information for the question(s) below. 2 years ago, you purchased a new SUV. You financed your SUV for 72 months (with payments made at the end of the month) with a loan at 3% APR (with monthly compounding). Your monthly payments are $500, and you have just made your 24th monthly payment on your SUV. The amount of your original loan (2 years ago) is closest to: $29,618 $22,589 $32,908 $26,327 $23,036

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