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2 . ) The Fiore s are looking to reduce debt further so they decide to pay off their second car loan. a . )

2.) The Fiores are looking to reduce debt further so they decide to pay off their
second car loan.
a.) The original car loan of $31,243 was taken out one year ago at 2.9% for 5
years. Find the monthly payment.
b.) Now, after one year The Fiores decide to add an extra $100 to the payment to
pay off the loan sooner. How many additional years will it take to pay off the
car loan?

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