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

QAmmunity.org

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

Marcello asked May 6, 2023

443,556 views

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

2.9k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

1 Answer

22 votes

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

3.1k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

1 Answer

0 Comments

Your comment on this answer:

Other Questions