When deciding to save or invest, comparing the interest rates
Question # 00822350
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Updated on: 04/07/2022 11:25 PM Due on: 04/08/2022
When deciding to save or invest, comparing the interest rates are best. I enjoy meeting people who love to save their money; however, when one has $20k of debt at a 12% interest rate and $21k in a savings account earning .025%, I question one's logic. Granted, having a reserve or emergency account is great, but I am with you, I would pay my debt down before saving a large sum of the money in a low-interest-bearing account.
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Rating:
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Solution: When deciding to save or invest, comparing the interest rates