How much will it reduce amount of time left to pay off loan

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You have some extra cash this month and you are considering putting it toward your car loan. Your interest rate is 7.1%?, your loan payments are $670 per? month, and you have 36 months left on your loan. If you pay an additional $1,500 with your next regular $670 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.)

The new time left to pay off your loan will be ________months. (Round to one decimal? place.)?Thus, you reduce the amount of time remaining on the loan by approximately _________ months.

Reference no: EM131851714

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