George costanza has just taken out an 1820400 60-month car, Ask an Expert

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George Costanza has just taken out an $18,204.00, 60-month car loan from his local bank with a 6.48% interest rate compounded monthly. At the end of the second year, George plans on making a $3,437.00 payment directly to the loan’s principal and then to keep on making his regular monthly payments.

How many months remain on the loan after the extra payment is made? (Do not round)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92790728

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