You have some extra cash this month and you are considering


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.

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Financial Management: You have some extra cash this month and you are considering
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