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Anika [276]
2 years ago
6

How does a loan's term, or number of years to repay a loan, affect your monthly payments and amount owed?

Health
1 answer:
Ede4ka [16]2 years ago
5 0

Answer:

In general, the longer your loan term, the more interest you will pay. Loans with shorter terms usually have lower interest costs but higher monthly payments than loans with longer terms.

Explanation:

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