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Ramon took out a car loan with an interest rate of 10 percent and paid $100 in loan application fees. What term describes the amount of interest Ramon will pay? A. down payment B. capacity C. APR D. capital
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Ramon took out a car loan with an interest rate of 10 percent and paid $100 in loan application fees. What term describes the amount of interest Ramon will pay?

A. down payment
B. capacity
C. APR
D. capital

User Steve Coleman
by
8.5k points

2 Answers

6 votes
A) Down payment
BUT dont hold me accountable
User Dominic Barnes
by
8.1k points
2 votes
inki thinki it might be a but please let know if im wrong
User Ibrahim Lawal
by
8.3k points
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