Register
Joanie takes out a loan from a finance company in order to buy a new car. The following table shows the terms of the loan. What would happen if Joanne put the same amount of money in her savings account,
76.5k views
0 votes
Joanie takes out a loan from a finance company in order to buy a new car. The following table shows the terms of the loan. What would happen if Joanne put the same amount of money in her savings account, at 2 percent interest, for 48 months?

User Nican
by
8.3k points

1 Answer

3 votes
If Joanne put the same amount of money in her savings account, at 2 percent interest, for 48 months, she would earn less from her savings account than she spends on the loan.
User MacakM
by
9.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

Who was the boy who  became king at the age of 9?
Why did people immigrate to the United States in the late 1800s?
In the peaceful period of the Middle Kingdom, what area of culture thrived?
Why did the slogan Peace Land and Bread appeal to the Russian people?
Why wasn't New England's land well-suited for farming
Link Copied!