Years with negative balances in the savings schedule implies that loans would be needed to achieve the goals.

Name: Years with negative balances in the savings schedule implies that loans would be needed to achieve the goals.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When there are negative balances in the savings schedule, it means that the amount saved is not sufficient to achieve the financial goals. In order to make up for the shortfall, one may need to borrow money through loans.

Years with Negative Balances in the Savings Schedule Implies That