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sertanlavr [38]
3 years ago
8

Prompt

Mathematics
1 answer:
Evgen [1.6K]3 years ago
6 0

Answer:

Interest to be paid will keep on reducing each month

Step-by-step explanation:

due to reduction of the principal amount. As a result the net interest output will be higher for a borrower who carries balance for the whole year compared to one who pays offs monthly.

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