How many more monthly payments are made for a 5-year loan than for a 2-year loan ?

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Marcello asked May 6, 2023

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15 votes

How many more monthly payments are made for a 5-year loan than for a
2-year loan ?

Mathematics
high-school

Marcello asked May 6, 2023

by Marcello

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Answer:

Explanation:

There are 12 months in a year, 12x5=60 so there are 60 months in 5 years. In 2 years, 12x2=24 so there are 24 months in 2 years. 60-24=36 so the difference between the two is 36.

Fabio Dalla Libera answered May 11, 2023

by Fabio Dalla Libera

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