Your credit rating and current economic conditions will determine
A) whether you get simple or compound interest.
B) how long compounding will affect you.
C) how long discounting will affect you.
D) the interest rate that a lender will offer.

Question

Quizplus · Accepted Answer

The interest rate offered by a lender is influenced by an individual's credit rating and prevailing economic conditions. A higher credit rating typically results in lower interest rates, while economic conditions can affect overall lending rates in the market.

Your Credit Rating and Current Economic Conditions Will Determine