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Mathematics, 29.04.2021 23:40 emma2827
Choose all of the statements that indicate long-term advantages in placing a larger down payment on a car loan received from a bank.
A). Using a larger down payment often results in lower interest rates on the loan for the vehicle.
B) The amount of money placed upfront on a car loan is usually rebated back to the borrower at the end of the loan.
C) Placing a larger down payment on the loan typically lessens the total amount required to be paid back on the loan.
Eliminate
D) Using a larger down payment creates a larger principal on the loan, meaning the interest paid on the loan will be smaller.
E) Putting down more money upfront on a loan allows more money to be invested elsewhere by the borrower during the length of the car loan.
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