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Why does it take 30 years to pay off $150,000 loan, even though you pay $1000 a month?
5 months ago
Q:
Why does it take 30 years to pay off $150,000 loan, even though you pay $1000 a month?
Accepted Solution
A:
D.even though the principal would be paid off in just over ten years the rest of the loan is paid off in interest