Susan had an auto loan left of $11,000 with a 14.6% interest rate. Her payment is $400

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Susan had an auto loan left of $11,000 with a 14.6% interest rate. Her payment is $400 a month, $200 a month goes to the principle of the vehicle (loan) and $200 in interest.

How much would Susan need to pay toward the principle of the vehicle (loan) to cut her interest payment of $200 in half?

Related Book For answer-question

Elementary Principles of Chemical Processes

ISBN: 978-1119498759

4th edition

Authors: Richard M. Felder, ? Ronald W. Rousseau, ? Lisa G. Bullard

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Posted Date: May 02, 2023 04:25 AM

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Susan had an auto loan left of $11,000 with a 14.6% interest rate. Her payment is $400

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Currently Susan is paying 200 in interest every month which is calculated as a percentage of ... View the full answer

Elementary Principles of Chemical Processes

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