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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,
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Jun 18, 2019
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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?
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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.
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Jun 24, 2019
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