If a borrower takes longer to pay back a loan, what happens to the monthly payment?

asked Mar 20, 2020 81.5k views

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3 votes

Answer:

It gains interest

Explanation:

Wojciech Sobala answered Mar 21, 2020

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4 votes

Answer: the payment will be more and they will be charged interest each month longer it takes.

Explanation:

Corentin Houdayer answered Mar 25, 2020

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