when interest is capitalized...\no you pay less interest over the life of the loan.\no you pay interest on…

Brief Explanations:

When interest is capitalized, it is added to the principal amount. Subsequently, interest is calculated on this new, larger principal (which includes the previously - capitalized interest). This means you pay interest on interest as well as the original principal. It does not necessarily mean less interest over the loan life, nor does it directly relate to more or less time to pay.

Answer:

You pay interest on interest as well as the principal amount.