Natanael M.

asked • 03/07/21

The new time left to pay off your loan will be _ months? Thus, you reduce the amount of time remaining on the loan by approximately _ months?

 You have some extra cash this month and you are considering putting it toward your car loan. Your interest rate is


your loan payments are


per​ month, and you have


months left on your loan. If you pay an additional


with your next regular


payment​ (due in one​ month), how much will it reduce the amount of time left to pay off your​ loan? ​(Note: Be careful not to round any intermediate steps less than 6 decimal​ places.)

1 Expert Answer


Jiahao G. answered • 03/07/21

New to Wyzant

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