Register
What is the best compounding period through annuity to pay back a debt of $4500 for college through 4 years?and why? Note:compounding period such as semiannual and other compounding periods
175k views
0 votes
What is the best compounding period through annuity to pay back a debt of $4500 for college through 4 years?and why? Note:compounding period such as semiannual and other compounding periods

User Estelle
by
7.6k points

1 Answer

4 votes
I believe the correct answer would be a choice where there is less period of paying since the less time to pay it, then the less interest you will have.
Hope this answers the question. Have a nice day.
User JustLudo
by
7.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!