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What will happen to the amount of interest you owe as you pay down a loan? A: It will stay the same B: It will not need to be paid C: It will continue to decrease D: It will continue to increase
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What will happen to the amount of interest you owe as you pay down a loan?

A: It will stay the same
B: It will not need to be paid
C: It will continue to decrease
D: It will continue to increase

User Endavid
by
4.6k points

2 Answers

5 votes

Answer: C

Step-by-step explanation:

The answer is C because -once you pay what you owe, the money you owe will start to decrease because you have already paid some of the loan back.

User Dturanski
by
4.4k points
2 votes

Answer:

C: It will continue to decrease

Step-by-step explanation:

User Shashantrika
by
4.5k points
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