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7 April, 12:37

Which two figures should you especially pay attention to when comparing repayment plans?

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  1. 7 April, 13:47
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    Answer: interest, and the amount of your payments

    Explanation: the interest determines how much extra money you will pay on top of the principal amount of the loan. The amount of your payments is important as you need to figure out whether you can afford to pay a large amount each payment cycle to lower interest, or whether you can only afford to pay a small sum each cycle and end up paying more over a long time.
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