select the correct answer. sabrina plans to apply for a loan that requires a down payment at the end of this…

select the correct answer. sabrina plans to apply for a loan that requires a down payment at the end of this year. what will help her reduce the total cost of the loan? a. reducing the down payment b. increasing the loan term c. increasing the loan term and reducing the down payment d. reducing the loan term and increasing the down payment

select the correct answer. sabrina plans to apply for a loan that requires a down payment at the end of this year. what will help her reduce the total cost of the loan? a. reducing the down payment b. increasing the loan term c. increasing the loan term and reducing the down payment d. reducing the loan term and increasing the down payment

Answer

Brief Explanations:

Increasing the down - payment reduces the principal amount of the loan, so less interest is paid over time. Reducing the loan term also reduces the total interest paid as the loan is paid off quicker.

Answer:

D. reducing the loan term and increasing the down payment