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:

Loans allow borrowers to make large - purchases and pay back the amount over an extended period. This spreads out the financial burden. Taking a loan 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