Social Studies, 27.08.2019 05:00 BIGchunguslol

What is a down payment?
a. the first payment a borrower makes on the principal of a loan
b. a cash payment made by the borrower of a percentage of the total cost of the asset
c. an interest rate charged on a credit card
d. a fee paid to process a loan application

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You know the right answer?

What is a down payment?
a. the first payment a borrower makes on the principal of a loan