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

Question

asked Nov 4, 2022 168k views

1 Answer

Mark Rose · Answer 1 · 2022-11-08T04:36:12+0000

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.