Question 1158693
unpaid balance is 818.85
paying 40 dollars at the end of each month at 16.99% interest compounded monthly will take 24.3 months before the loan is paid off.
i used the calculator at <a href = "" target = "_blank"></a>
my inputs were:
present value = 818.85
future value = 0
interest rate per year = 16.99%/12 = 1.425833333...% per month
payment of 40 dollars made at the end of each month.
the output from the calculator was:
number of months = 24.3
here's a picture of the calculator inputs and outputs.


<img src = "http://theo.x10hosting.com/2020/051001.jpg" alt="%%%" >


this calculator can be found at <a href = "https://arachnoid.com/finance/index.html" target = "_blank">https://arachnoid.com/finance/index.html</a>