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Suppose you pay only the interest on a loan. will the loan ever be paid​ off? why or why​ not?

Suppose you pay only the interest on a loan. will the loan ever be paid​ off? why or why​ not?
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5 votes
Suppose you pay only the interest on a loan. will the loan ever be paid​ off? why or why​ not?

User Mathomatic
by
8.1k points

1 Answer

5 votes
No. The system is set up that way.
User Hrishi Mittal
by
8.8k points
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