I’ve always wondered about 0% interest and how companies made money on it. Essentially, 0% means you pay no extra on money borrowed.
If you borrow $1,200 and paid it back monthly, you’d pay $100 a money for one year. You could put that $1,200 in a high yield savings account and make some cash for doing nothing. It’s free money. So how does a company make money on these offers?
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