You owe 6800on a car loan that has an interest rate of 675


You owe $6,800on a car loan that has an interest rate of 6.75 percent and monthly payments of $310. You lost your job and your new job pays less, so your lender just agreed to lower the monthly payments to $225 while keeping the interest rate at 6.75 percent. How much longer will it take you to repay this loan than you had originally planned?

10.50 months

11.47 months

9.74 months

12.19 months

18.90 months

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: You owe 6800on a car loan that has an interest rate of 675
Reference No:- TGS01670560

Expected delivery within 24 Hours