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Business, 22.04.2021 20:30 Noahl2001

1. Which of the following BEST defines a down payment? 1. A down payment is a portion of the purchase price that increases the loan amount.
2. The down payment is the good faith escrow deposit.
3. A down payment is a portion of the purchase price that reduces the loan amount.
4. The down payment is the total amount borrowed for purchasing or leasing a car.

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