Why is more interest paid at the beginning of a loan than the end?

Question

Why is more interest paid at the beginning of a loan than the end?

Answer 1

Y u worry

there is no need 2 pay anything

principal or interst

Answer 2

checking whether you can go further

Answer 3

Becasue there is more principle at the beginning.  If you take a $20,000 loan, at the beginning the interest is figured on $20,000.  But towards the end, the interest is figured on less, as you have already paid some of the principle down.

Answer 4

they got a rule to get interest before anythin else, economicly its not a big deal but its more a concepti worked for my grandpa in in private things like that so i got always instruction to take interest before anythin coz also if there is a problem by law u can discus or argue about the interest percentage if u dodnt paid it yet so tht make lotta reasons to begin takin interest before the integral money

Answer 5

Because the principal(the amount owed) gets lessen with each subsequent payment you make.