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A customer buys a car for $46,000, financing it with a six-year 3.49% APR loan paid monthly. He immediately decides to pay an extra $100
A customer buys a car for $46,000, financing it with a six-year 3.49% APR loan paid monthly. He immediately decides to pay an extra $100 per month in addition to his monthly payments. How many months will it take to pay off the loan under these conditions? Show work.
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