quiz\nquestion 2 of 8\nmargo wants to purchase a new car. she doesnt have enough in savings to cover the…

quiz\nquestion 2 of 8\nmargo 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?\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 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?\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 allows Margo to pay for the car in installments over time instead of paying the full - amount upfront. A loan 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