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ludmilkaskok [199]
3 years ago
9

3. When making an extra payment on an amortized loan, where does the extra money go?

Mathematics
2 answers:
levacccp [35]3 years ago
7 0
Extra payment made reduces the amount of interest and shorten the amortization, as long as the payment goes towards the principal, and not the interest
Makovka662 [10]3 years ago
6 0

i would think it goes to them or like the bank

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