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

quiz 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

quiz 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

Brief Explanations:

Taking a loan allows Margo to pay for the car in installments over a period of time instead of paying the full - amount upfront. This spreads out the expense. Taking a loan actually increases debt, usually requires a down - payment, and impacts credit score.

Answer:

It can help by spreading out the expense over time