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22 September, 19:53

Why do so many people borrow money for large purchases instead of using sinking fund?

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  1. 22 September, 23:29
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    I think that most of the people borrow money for large purchases instead of using a sinking fund because if you need money immediately borrowing money is a simple and easy thing, it takes less time whereas if you use sinking fund, it will take more time because for this you have to make plans earlier but it is a safe and protected method for clearing the debts.
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