How the amount of debt you owed would not grow

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Reference no: EM131306541

1. Explains how your cash deposited in a bank can grow over time. Some people are only willing to save if they are rewarded with a high interest rate. However, the interest rate on deposits has been relatively low lately. Does this influence your willingness to save? Would you save more money if interest rates were higher?

2. This illustrates how the amount of debt you owed would not grow as quickly when interest rates are low. Since interest rates have been low lately, are you more willing to borrow money?

Reference no: EM131306541

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