Responses
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.
He would have larger monthly payments.
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.
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If Jackson found a car he liked for $10,000 instead of a $15,575 car, the most likely outcome from the given options is:
The lenders might give him a better interest rate on a smaller loan.
This is because a smaller loan amount typically represents a lower risk for lenders, and they may offer more favorable terms.
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