Question

After making a down payment on a car loan, you can expect to pay back:

A. The principal minus the interest

B. The principal plus interest

C. The down payment plus interest

D. The simple interest but not the
compound interest

Answer 1

After making a down payment on a car loan, you can expect to pay back B. The principal plus interest.

What is a car loan?

A car or auto loan is a loan that a customer borrows from an auto shop or finance company to pay for a car purchase.  A car loan may allow a down payment, which is a percentage of the list price of the car.

After the down payment, the customer is expected to continue paying interest and principal on the balance.

Thus, after making a down payment on a car loan, you can expect to pay back Option B.

Learn more about car loan payments at https://brainly.com/question/26011426