Why does the amount of interest you owe decrease every month?

asked Aug 18, 2023 55.0k views

7 votes

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6 votes

Answer:the overall balance decreases

Explanation: because you have to pay less interest over time because you are paying money to them

Understanding answered Aug 20, 2023

7.9k points

3 votes

Answer:

The outstanding principle is less

Step-by-step explanation:

Eugenekr answered Aug 23, 2023

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