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Joy is taking out a car loan which she will pay back with interest. which of the following will require her to pay the lowest amount in interest? a. daily compounding b.annual c…

Joy is taking out a car loan which she will pay back with interest. which of the following will require her to pay the lowest amount in interest? a. daily compounding b.annual c…
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joy is taking out a car loan which she will pay back with interest. which of the following will require her to pay the lowest amount in interest? a. daily compounding b.annual compounding c. semi-annual compounding d. monthly compounding

User Visions
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the answer would be D Mothly compounding as the rate is split over the peroid
User Vasil Dakov
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