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

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

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

Answer:

It can help by spreading out the expense over time

Brief Explanations:

Taking a loan allows Margo to pay for the car in installments over a period, rather than paying the full - amount upfront. This spreads the financial burden over time. A loan actually increases debt, most loans require a down - payment, and taking a loan impacts credit score.