[Answer] Joy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in interest?

Answer: Longer time period usually equals higher interest rates.

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Joy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in interest? Joy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in interest ? Annual Compounding. Anthony is deciding between different savings accounts at his bank. He has four options based on how frequently interest compounds. Which should he choose if he wants the best rate of ... Joy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in interest ? Longer time period usually equals higher interest rates. Thu Apr 13 2017 · The best option for her to choose is the one called Anual Compounding. With the rest of the compoundings she will have to pay more money. With a semi-annual rate she wil have to pay almost 1000 dollars more than in an anual compounding. With a quarterly period she will have to pay almost the same amount as a semi-annual period. Thu Feb 16 2017 · Joy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in interest ? A. annual compounding B. semi-annual compounding C. ...

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