quiz\nquestion 2 of 8\nmargo wants to purchase a new car. she doesn’t have enough in savings to cover the…

quiz\nquestion 2 of 8\nmargo 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?\nselect a response.\nit can help by reducing her total amount of debt\nit can help by not requiring any immediate down payment\nit can help by spreading out the expense over time\nit can help by having no impact to her credit score

quiz\nquestion 2 of 8\nmargo 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?\nselect a response.\nit can help by reducing her total amount of debt\nit can help by not requiring any immediate down payment\nit can help by spreading out the expense over time\nit can help by having no impact to her credit score

Answer

Brief Explanations:

Taking a loan means borrowing money that needs to be repaid over time. This spreads the large - expense of a car purchase into smaller, more manageable payments. It doesn't reduce debt (it creates debt), usually requires a down - payment, and impacts credit score.

Answer:

It can help by spreading out the expense over time