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What is the answer ??? 10 points

What is the answer ??? 10 points-example-1
User Justdvl
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Answer:

Initial payments includes a higher amount of money being paid upfront so the amount borrowed is less.

Step-by-step explanation:

A down-payment is the initial cash payments that a borrower makes when they want to borrow money to finance the purchase of an expensive good or service. The down-payment is expressed as a percentage of the total amount to be borrowed. Because the nonpayment is paid in cash, it reduces the loan amount. A down-payment reduces the lender's risk enabling them to offer loans at lower interest rates

User Tilman Vogel
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