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Why is there more interest on a two year loan
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Why is there more interest on a two year loan

User Supun Wijerathne
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2 Answers

2 votes
i think its because with a 2 year loan . it works out better with money for the place your loaning from, but ten again, you have to pay back that loan in the future so idk .hope its right

User KlynkC
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5 votes
Because the time is closer and they know they won't be able to tax you for a long time so they rather make your interest higher than the others so they can take out some more money in a short period of time without the people noticing.
User PravinS
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