What is a down payment? I need specific clarifications.

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asked Mar 17, 2023 76.2k views

23 votes

What is a down payment?
I need specific clarifications.

Mathematics
college

Shak Ham asked

by Shak Ham

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1 Answer

3 votes

Answer:

A down payment is a portion of the purchase price that reduces the loan amount.

Explanation:

Hope it helps you<3

Iaretiga answered Mar 24, 2023

by Iaretiga

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Hope it helps you<3

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