quiz question 2 of 8 margo wants to purchase a new car. she doesnt have enough in savings to cover the cost…

quiz question 2 of 8 margo wants to purchase a new car. she doesnt have enough in savings to cover the cost. she decides to look into loans from her bank. how can taking out a loan help margo with her car purchase? select a response. it can help by reducing her total amount of debt it can help by not requiring any immediate down payment it can help by spreading out the expense over time it can help by having no impact to her credit score

quiz question 2 of 8 margo wants to purchase a new car. she doesnt have enough in savings to cover the cost. she decides to look into loans from her bank. how can taking out a loan help margo with her car purchase? select a response. it can help by reducing her total amount of debt it can help by not requiring any immediate down payment it can help by spreading out the expense over time it can help by having no impact to her credit score

Answer

Brief Explanations:

Taking a loan allows Margo to pay for the car in installments over time instead of paying the full - amount upfront. This spreads out the expense. Taking a loan usually increases debt, most loans require a down - payment, and loan repayments impact credit scores.

Answer:

C. It can help by spreading out the expense over time