How much will it reduce the amount of time left to pay off


You have some extra cash this month and you are considering putting it toward your car loan. Your interest rate is 6.5 %6.5%?, your loan payments are $ 658$658 per? month, and you have 3636 months left on your loan. If you pay an additional $ 1 comma 100$1,100 with your next regular $ 658$658 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.)

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Financial Management: How much will it reduce the amount of time left to pay off
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