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.)