People prefer monthly payments in multiples of $100, even when it may cost them money

Do you have a monthly car payment, or a similar loan? Is each payment a nice round number, like $300? If so, you are hardly alone. But the appeal of that easy-to-remember payment figure may be costing you money.

from Phys.org - latest science and technology news stories https://ift.tt/2wDRfG5

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