Jackson investigated loans for a $15,575 car. What might happen if he found a car he liked for $10,000?(1 point) Responses The lenders will not lend him a smaller amount of money. The lenders will not lend him a smaller amount of money. He would still have to take the bank’s loan offer. He would still have to take the bank’s loan offer. The lenders might give him a better interest rate on a smaller loan. The lenders might give him a better interest rate on a smaller loan. He would have larger monthly payments.
1 answer
If Jackson found a car he liked for $10,000, the most likely outcome from the options given is: The lenders might give him a better interest rate on a smaller loan.
This is because smaller loan amounts often pose less risk to lenders, which can result in more favorable loan terms, including lower interest rates.
