Register

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

Why does the amount of interest you owe decrease every month?
asked 55.0k views
7 votes
Why does the amount of interest you owe decrease every month?

asked
User Josnidhin
by
7.5k points

2 Answers

6 votes

Answer:the overall balance decreases

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

answered
User Understanding
by
8.9k points
3 votes

Answer:

The outstanding principle is less

Step-by-step explanation:

answered
User Eugenekr
by
8.6k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Link Copied!