You have decided both to open a savings account and to purchase a vehicle. You would like a savings account with the highest int

Question

2 years ago

10

You have decided both to open a savings account and to purchase a vehicle. You would like a savings account with the highest int

erest rate and a vehicle loan with a low interest rate. You currently have a checking account at Bank A. From the banks listed below, determine with which bank you should open a savings account and at which bank should you apply for your vehicle loan.

Mathematics

1 answer:

Law Incorporation [45] · Answer 1 · 2023-12-08T22:41:38+03:00

Bank B for the car loan and Bank A for the savings account open a savings account and purchase a vehicle. Option C

This is further explained below.

<h3>Bank B for the car loan and Bank A for the savings account open a savings account and to purchase a vehicle.?</h3>

Generally, A deposit account that is kept at a financial institution and used for the purpose of conserving money often offers a low-interest rate as well as protection for the principle.

A person or other entity may rack up a loan debt if they borrow money from another party. A quantity of money is generally advanced to the borrower by the lender, which might be a business, a financial organization, or even the government.

In conclusion, Bank B will provide the financing for the automobile, while Bank A will manage the savings account. Together, they will establish a savings account and buy a vehicle. Alternative C