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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 6.5 %6.5%?, your loan payments are $ 658$658 per? month, and you have 3636 months left on your loan. If you pay an additional $ 1 comma 100$1,100 with your next regular $ 658$658 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.)

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Financial Management, Finance

Category:- Financial Management
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