Asked by Elizabeth
Making a down payment on a loan gives the borrower which of the following?
a. a large total amount financed
b. a strong incentive to default on the loan
c. an incentive to make late payments.
d. actual investment in the purchased item
****I'm not sure, but I think the answer may be choice D.
a. a large total amount financed
b. a strong incentive to default on the loan
c. an incentive to make late payments.
d. actual investment in the purchased item
****I'm not sure, but I think the answer may be choice D.
Answers
Answered by
bobpursley
I agree, d.
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