Jonathan made a down payment on a car. Which statement is true? He has less loan left to repay.
He has additional time to pay his loan back.
He has higher taxes.

Option 1 (I think)

Explanation:

He should have less total loan to repay to the financial insitute or organization that loaned to him, as he made his first payment towards getting out of their debt.

A down payment is the initial payment back on a loan, usually provided up front, so it should reduce the amount required to pay back.

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