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Murrr4er [49]
3 years ago
15

Gina made a down payment on a motorcycle. What incentive did she have for making a down payment?

Business
1 answer:
8_murik_8 [283]3 years ago
7 0

Answer:

A reduced time in debt

Explanation:

Gina intends to purchase that motorbike on credit. By making a down-payment, Gina is reducing the amount she needs to borrow to buy the bike.

A reduced loan amount means that Gina will require less to repay. It also implies that the interest to be paid will reduce. Making the down-payment helps Gina stay in debt for a short period.

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