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 interest? AAnnual Compounding BSemi-Annual Compounding CMonthly Compounding

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asked Dec 15, 2018 222k views

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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 interest?

AAnnual Compounding
BSemi-Annual Compounding
CMonthly Compounding
DDaily Compounding

Computers and Technology
high-school

Egor Litvinchuk asked

by Egor Litvinchuk

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2 Answers

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C. Monthly Compounding

Natasha Dutta answered Dec 18, 2018

by Natasha Dutta

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C) monthly compunding

Gloo answered Dec 19, 2018

by Gloo

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