You decided you can afford to pay an additional 80 each, Financial Management

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You decided you can afford to pay an additional 80 each

You took out a new car loan for $18,000. The monthly payment is $323.44 and the interest rate is 3 % per year (0.25%/month) for 60 months. You decided you can afford to pay an additional $80 each month along with the regular monthly payment. After how many payments (months) will the load be paid off?

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Financial Management: You decided you can afford to pay an additional 80 each

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