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Which is the best example of a down payment?

A. Margo leases an apartment and pays $500 cash as a security deposit when she moves in.

B. Robby pays 10 percent cash up front and gets a loan for the
remaining 90 percent of the cost of a condominium.

C. Billy orders a piano, pays half the cost up front, and has to pay the other half when the piano is delivered.

D. Jan signs a cell phone plan that includes a little of the cost of her new phone as part of her bill every month.

Sagot :

The best example of a down payment is given as follows:

C. Billy orders a piano, pays half the cost up front, and has to pay the other half when the piano is delivered.

What is the down payment of a purchase?

The down payment of a purchase is when a part of the purchase is paid when the purchase is made, and the other part(subjected to interest or not), is paid later.

In this problem, the example of a down payment is given by option C.

More can be learned about down payments at https://brainly.com/question/1698287

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