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 Why is more interest paid at the start of the repay of the loan than at the end?
yohana

02-09-2007 06:50



Messages: 3
Country: USA
City: jericho



Why is more interest paid at the start of the repay of the loan than at the end?Can you give me your answer in this regard...Advance thanks.
        
 

 Re: Why is more interest paid at the start of the repay of the loan than at the
joseph

02-09-2007 12:46



Messages: 7
Country: USA
City: Boston
Job/Occupation: Real Estate



The money you have to pay at the starting is high i.e. you have a high amount you have to pay at the starting of the repayment. And slowing by paying your loan amount ceases and simultaneously your repayment interest amount becomes low.
        
  


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