Explore a diverse range of topics and get expert answers on IDNLearn.com. Get step-by-step guidance for all your technical questions from our dedicated community members.
How many more monthly payments are made for a five-year loan than for a three-year loan?
There are 12 months in a year. The difference between five years (60 months) and three years (36 months) is two years (24 months). Therefore 24 more monthly payments must be made on a five year plan.
We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. IDNLearn.com is your source for precise answers. Thank you for visiting, and we look forward to helping you again soon.