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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 . 9 %
You have some extra cash this month and you are considering putting it toward your car loan. Your interest rate is your loan payments are $ per month, and you have months left on your loan. If you pay an additional $ with your next regular $ 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 decimal places.
The new time left to pay off your loan will be months. Round to one decimal place.
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