Question

When financing a car, you must pay ___ on the amount borrowed.

a. interest
c. down payments
b. capital
d. collateral user: financing a car costs more than paying cash for a car, because you must repay the amount borrowed and the interest true or false user: the finance contract will state the ___.
a. total amount borrowed
c. the due date for payments
b. the annual percentage rate
d. all of the above?

Answer 1

A. interest....True, you must pay more for a car when financing because you also pay interest...D.