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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
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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

User Egor Litvinchuk
by
8.7k points

2 Answers

4 votes
C. Monthly Compounding
User Natasha Dutta
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8.6k points
2 votes
C) monthly compunding

User Gloo
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7.3k points
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