Discover a wealth of information and get your questions answered on IDNLearn.com. Ask anything and receive immediate, well-informed answers from our dedicated community of experts.

What is the answer ??? 10 points

What Is The Answer 10 Points class=

Sagot :

Answer:

Initial payments includes a higher amount of money being paid upfront so the amount borrowed is less.

Explanation:

A down-payment is the initial cash payments that a borrower makes when they want to borrow money to finance the purchase of an expensive good or service. The down-payment is expressed as a percentage of the total amount to be borrowed. Because the nonpayment is paid in cash, it reduces the loan amount. A down-payment reduces the lender's risk enabling them to offer loans at lower interest rates

Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. IDNLearn.com is dedicated to providing accurate answers. Thank you for visiting, and see you next time for more solutions.