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how can one reduce the amount of interest paid for a loan? repaying the…

Question

how can one reduce the amount of interest paid for a loan? repaying their loan quickly reducing their credit score repaying their loan slowly

Explanation:

Brief Explanations

Loan interest is often calculated over the repayment period. Faster repayment shortens the time interest accrues, reducing total interest. A lower credit score typically leads to higher interest rates, and slow repayment lets interest build up over more time, increasing total interest paid.

Answer:

repaying their loan quickly