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You have some extra cash this month and you are considering putting toward your car loan. Your Interest rate la 6.8%, your loan payments are

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You have some extra cash this month and you are considering putting toward your car loan. Your Interest rate la 6.8%, your loan payments are $611 per month, and you have 36 months lat on your loan. If you pay an additional $1,200 with your next regular $611 payment (due in one month), how much will it reduce the amount of lime loh to pay off your loan (Note: Be careful not to round any intermediate steps less than 6 decimal places) The new time lak 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. (Round to one decimal place)

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