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ahrayia [7]
3 years ago
6

1 point

English
1 answer:
Free_Kalibri [48]3 years ago
3 0

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.

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