shyannhoward783
shyannhoward783 shyannhoward783
  • 04-02-2021
  • Mathematics
contestada

Would you prefer a high or low-interest rate for a savings account? for a loan? Explain for both.

Respuesta :

TheRealMarinette
TheRealMarinette TheRealMarinette
  • 04-02-2021

explanation:

Low interest rates are better than high interest rates when borrowing money, whether with a credit card or a loan. A low interest rate or APR (annual percentage rate) means you're paying less for the privilege of borrowing over time. High interest rates are only good when you're the lende

-by TheRealMarinette

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