radfordnatashapdw097 radfordnatashapdw097

30-06-2020
Mathematics

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Carmela wants to take out a loan for a car. Which benefit will Carmela receive if she makes a down payment when she obtains the loan?
A. a decrease in the total cost of the loan
B. no penalties for late payments
C. an increase in the loan term
D. an increase in the principal amount

Respuesta :

greenmom84 greenmom84

09-02-2021

Answer:

A) a decrease in the total cost of the loan

Step-by-step explanation:

plato/edmentum

Besides, there's very, very rarely no penalties for late payments and making a down payment wont prevent that. It wont increase the loan amount because you are paying more in advance. It also wont increase the principal amount, in fact, it decreases it.

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