Answer:

Step-by-step explanation:
We start off with 3.2n + 13.3 = 26.1.
We need to get n by itself.
Subtract 13.3 from both sides.


We end up with: 
Divide 3.2 on both sides to get n by itself.

We are given
P = <span>$1,945.61
r = 11.2%
Amin = $156
A = $300
First, we convert the interest to effective monthly terms
i = 11.2%/12 = 0.933%
After one month, the interest saved by paying more than the minimum is
</span>(0.00933) (300 - 156) = $1.35