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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?

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?
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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?

User Xiaohua Cao
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2 Answers

4 votes

Answer:

I think the answer is A

Step-by-step explanation:

User Vinitius
by
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2 votes
The answer to your question is Annual Compounding
User Ilya Sabanin
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