Monthly interest rate, r = 0.062/12 = 0.005166666667
Sarah's monthly payment is $538.10
Number of payments remaining, n = 60 - 43 = 17
We need to find the present value of the remaining 17 payments to know the amount needed to payoff this loan.
The amount needed to payoff this loan with 17 payments remaining is $8,735.87
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