Mathematics, 20.09.2021 01:00 vkyles84

Instead of 10 percent, Juan plans to pay 20 percent as a down payment on a car that costs $12,000. How will this higher down payment affect his equity? A. A down payment means has no effect on equity.
B. A higher down payment will compound equity faster.
C. A higher down payment means he will have more equity.
D. A higher down payment means he will have less equity.

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