question 2 of 8 margo wants to purchase a new car. she doesn’t have enough in savings to cover the cost. she…

question 2 of 8 margo wants to purchase a new car. she doesn’t 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

question 2 of 8 margo wants to purchase a new car. she doesn’t 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 buy the car now and pay for it in installments over time. A loan typically does not reduce debt (it increases it), usually requires a down - payment, and impacts credit score.

Answer:

It can help by spreading out the expense over time