Respuesta :
Answer:
1. Magda is going to finance her car purchase using an auto loan.
The statement that is accurate is:
"Her principal is the cost of the car, minus any down payment she makes."
Explanation:
Magda's principal for the auto loan is the cost of the car after deducting any down payment that she makes. The interest expense of the auto loan will be calculated based on the principal, using the rate of interest agreed with the auto company. Down payments reduce the interest expense on the auto loan as well as the principal.
Magda is going to finance her car purchase using an auto loan the statement below is accurate is:
Option A
- Her principal is the cost of the car, minus any down payment she makes.
Magda's head for the car credit is the expense of the vehicle subsequent to deducting any initial installment that she makes. The premium cost of the automobile credit will be determined dependent on the head, utilizing the pace of interest concurred with the auto organization. Up front installments lessen the interest cost on the vehicle credit just as the head.
At the point when you make a regularly scheduled installment toward your advance, a piece of the sum you pay goes toward interest.
Head just installments are applied to the leftover chief equilibrium of a credit. At the point when you make head just installments, the sum owed is diminished, however the last due date of the credit doesn't change.
Chief is the cash that you initially consented to repay. Interest is the expense of getting the head. For the most part, any installment made on an automobile advance will be applied first to any expenses that are expected for instance, late charges. Then, at that point, the remainder of your installment will be applied to the chief equilibrium of your credit.
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