Answered

When financing a car, you must pay ___ on the amount borrowed.

Ainterest
Cdown payments
Bcapital
Dcollateral user: financing a car costs more than paying cash for a car, because you must repay the amount borrowed and the interest true or false user: the finance contract will state the ___.
Atotal amount borrowed
Cthe due date for payments
Bthe annual percentage rate
Dall of the above?

Verified Answer :

Ainterest....True, you must pay more for a car when financing because you also pay interest...D.

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