Question

Mariah made a down payment on a van. Which of the following is true because of the down payment?
A. She has additional time to repay the loan.
B. Her credit limit will increase
C. She has some equity or ownership right away.
D. Her insurance will decrease.

Answer 1

The answer should be C. :)

Answer 2

Answer:

Option C. She has some equity or ownership right away.

Step-by-step explanation:

I did the Exam too. And got it right. Hope this helped.