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You have some extra cash this month and you are consideringputting it toward your car loan. Your interest rate is 6.8 %?, yourloan payments are $ 624 per? month, and you have 36 months left onyour loan. If you pay an additional $ 1 comma 500 with your nextregular $ 624 payment? (due in one? month), how much will it reducethe amount of time left to pay off your? loan? ?(Note: Be carefulnot to round any intermediate steps less than 6 decimal? places.)The new time left to pay off your loan will be nothingmonths.???(Round to one decimal? place.) ?Thus, you reduce theamount of time remaining on the loan by approximately nothingmonths.???(Round to one decimal? place.)
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