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You have some extra cash this month and you are considering putting it toward your car...

You have some extra cash this month and you are considering putting it toward your car loan. Your interest rate is 7.2%​, your loan payments are $ 641 per​ month, and you have 36 months left on your loan. If you pay an additional $ 1200 with your next regular $641 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 nothing months.  ​(Round to one decimal​ place.)

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jeff jeffy answered 1 year ago
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