Register
Making a down payment on a loan often _________ a. decreases monthly payments. b.increases the loan's interest rate. c.makes borrowers financially unappealing. d.makes lenders uneasy
5.8k views
5 votes
Making a down payment on a loan often _________ a. decreases monthly payments. b.increases the loan's interest rate. c.makes borrowers financially unappealing. d.makes lenders uneasy

User Jaeeun Lee
by
7.9k points

2 Answers

3 votes

Answer:

A) decreases monthly payments

Step-by-step explanation:

User Gil Shulman
by
8.4k points
3 votes
The correct answer is
a. decreases monthly payments

This is correct because by making a down payment, your overall loan sum is smaller which means that your monthly payment is lowered.
User Valora
by
8.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
Link Copied!