What is the best compounding period through annuity to pay back a debt of $4500 for college through 4 years?and why? Note:compou

Question

Vikki [24]

2 years ago

6

What is the best compounding period through annuity to pay back a debt of $4500 for college through 4 years?and why? Note:compou

nding period such as semiannual and other compounding periods

Mathematics

1 answer:

lesya692 [45] · Answer 1 · 2022-05-17T08:05:55+03:00

lesya692 [45]2 years ago

3 0

I believe the correct answer would be a choice where there is less period of paying since the less time to pay it, then the less interest you will have.
Hope this answers the question. Have a nice day.