Homework Help: macroeconomics

Posted by bill on Wednesday, March 18, 2009 at 10:39pm.

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

macroeconomics - Ms. Sue, Wednesday, March 18, 2009 at 10:45pm
Bobpursley already posted his answer.

Which do you think is the better deal for you?
macroeconomics - Anonymous, Tuesday, April 9, 2013 at 3:32pm
gg

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