Q A truck costing $112000 is paid off in monthly installments over four years with 8%...

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A truck costing $112000 is paid off in monthly installments over four years with 8% APR. After three years owner wishes to sell the truck. What is the closest amount from the following list that he needs to pay on his loan before he can sell the truck?
Joseph buys a Hummer for $60000, financing it with a five-year 6.5% APR loan paid monthly. He decided to pay an extra $50 per month in addition to his monthly payments. Approximately how long will he take to pay off the loan under these conditions?

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