A person gets a loan to make a $3000 purchase.Which borrowing situation will allow thisperson to pay the loan off in the least amount of time at 0% interest?

Question

A person gets a loan to make a $3000 purchase.Which borrowing situation will allow thisperson to pay the loan off in the least amount of time at 0% interest?
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Solution 1

The question doesn't provide specific borrowing situations to compare. However, generally speaking, the quickest way to pay off a loan, even at 0% interest, is to make the highest possible payments that the person can afford on a regular basis. The more money put towards the loan, the quicker the ba Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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