Ask Question
22 September, 19:53

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

+4
Answers (1)
  1. 22 September, 23:29
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Why do so many people borrow money for large purchases instead of using sinking fund? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers