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AveGali [126]
3 years ago
5

Joy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in in

terest?
ASemi-Annual Compounding
BAnnual Compounding
CDaily Compounding
DMonthly Compounding
Business
1 answer:
garri49 [273]3 years ago
5 0
Unless the bankers are serious money moochers, the lowest interest (In Total Amount) will be:
C. Daily Compound
This is the most likely because the more time you take to pay your debt the more you have to pay in interest.
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