Asked by evan
Suppose you were borrowing money to buy a car. Which of these situations would you prefer:The interest rate on your car loan is 20 percent and the inflation rate is 19 percent or the interest rate on your car loan is 5 percent and the inflation rate is 2 percent? explain
Answers
Answered by
bobpursley
I would like to know if my income would increase with the rate of inflation or NOT.
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