Mark wants a new car that costs $30000. He only has $500 in his savings account and $300 in his checking account. Which financing option should he chose

Question

Mathematics

Madeline Hays

5 February, 01:27

Mark wants a new car that costs $30000. He only has $500 in his savings account and $300 in his checking account. Which financing option should he chose

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Answers (1)

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Stephen Archer · Answer 1

Answer: He should choose the savings account because he can earn more interest and the money in his savings account is more than the money in his checking account.