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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

Respuesta :

There are 2 factors that would determine this , 
1. The initial amount
2. The percentage of interest

Since you provide no options, your answer will be the one with lowest amount after you multiply both the initial amount and the percentage of interest

The answer is "Annual compoundig".


Annual compounding is a strategy for figuring and adding enthusiasm to a speculation or advance once per year as opposed to for another period.  

This is done in compound interest, or, in other words figured on the underlying key and furthermore on the gathered enthusiasm of past times of a store or an advance.  

Utilizing an annual compounding will incite her to pay less intrigue contrasted with different periods.