why does your friend suggest to buy a new car rather than fix the old car?\ninterest rates are low so it is…
why does your friend suggest to buy a new car rather than fix the old car?\ninterest rates are low so it is cheap to borrow money\ninterest rates are low so it is expensive to borrow money
Answer
Brief Explanations:
When interest rates are low, the cost of borrowing money is reduced. So it is cheaper to take out a loan to buy a new car.
Answer:
interest rates are low so it is CHEAP to borrow money