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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
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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
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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
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