asked 155k views
0 votes
Caleb is applying for a loan that requires no down payment. Which statement is true? A. If Caleb makes a down payment, it will lower the total cost of the loan. B. If Caleb makes a down payment, it will raise the total cost of the loan. C. If Caleb makes a down payment, it will increase the loan term. D. Making a down payment has no effect on the total cost of the loan.

asked
User Mleykamp
by
7.7k points

1 Answer

0 votes

Answer: A

Step-by-step explanation: If caleb makes a down payment. It will lower the total cost.

answered
User Lenart
by
8.2k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.