You have some extra cash this month and you are considering putting it toward your car loan. Your interest rate is 7.1%, your loan payments are $670 per month, and you have 36

months left on your loan. If you pay an additional $1,500 with your next regular $670

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.)

The new time left 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.