Question
When buying something with a loan, you can lower the amount you pay each month by paying a higher _____.
A
Interest rate.
B
Deductible.
C
Down payment.
D
Exemption.
A
Interest rate.
B
Deductible.
C
Down payment.
D
Exemption.
Answers
GPT-4o mini
C. Down payment.
By making a higher down payment, you reduce the principal amount of the loan, which in turn lowers your monthly payments.
By making a higher down payment, you reduce the principal amount of the loan, which in turn lowers your monthly payments.