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tankabanditka [31]
3 years ago
8

What is the typical relationship between time and interest rate everfi??

History
1 answer:
Agata [3.3K]3 years ago
3 0
Usually, the longer the repay period is the higher the interest will be. That's because you will take longer to pay them back and the banks don't like this so the longer you pay back the more money you return. That's why the conditions usually seem good because if you return it instantly then the bank won't earn a lot.
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