Ask Question
29 December, 18:54

What is a down payment?

a. The first payment a borrower makes on the principal of a loan

b. A cash payment made by the borrower of a percentage of the total cost of the asset

c. An interest rate charged on a credit card

d. A fee paid to process a loan application

+5
Answers (1)
  1. 29 December, 22:30
    0
    B A cash payment used as a percentage of the loan
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is a down payment? a. The first payment a borrower makes on the principal of a loan b. A cash payment made by the borrower of a ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers