select the correct answer.\nwhat is down payment with regard to buying a house?\na. a part of the purchase…

select the correct answer.\nwhat is down payment with regard to buying a house?\na. a part of the purchase price paid in installments\nb. a part of the purchase price paid in cash\nc. an interest on the purchase price

select the correct answer.\nwhat is down payment with regard to buying a house?\na. a part of the purchase price paid in installments\nb. a part of the purchase price paid in cash\nc. an interest on the purchase price

Answer

Brief Explanations:

A down - payment is the initial cash payment made by a buyer towards the purchase price of a house. It is not an interest payment and not paid in installments at the start.

Answer:

B. a part of the purchase price paid in cash