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pantera1 [17]
3 years ago
12

Describe how this low loan repayment plan works.

History
1 answer:
marissa [1.9K]3 years ago
5 0
Pre-defined increments over the term defined. Say you make monthly payments towards your car loan, each payment will cover the interest due and some amount of the principal. The more money you can apply to a payment means more principal you knock out in each payment
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