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

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asked Feb 20, 2023 192k views

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Createproblem · Answer 1 · 2023-02-24T13:34:20+0000

Answer:

36

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.

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

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