1. How many more monthly payments are made for a five-year loan than for a three-year loan?

JBH asked May 4, 2022

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JBH asked May 4, 2022

by JBH

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Answer: There are 24 more payments made.

Explanation:

In a 5 year loan there is 60 months

In a 3 year loan there is 36 months.

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