Ask Question
2 July, 09:50

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

+3
Answers (1)
  1. 2 July, 10:39
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is the best compounding period through annuity to pay back a debt of $4500 for college through 4 years? and why? Note:compounding ...” in 📘 Mathematics 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