Answered

Money you pay up front to reduce the amount you will owe is called a

A. down payment
B. late payment
C. fixed loan
D. short-term loan



Answer :

GinnyAnswer

Final answer:

A down payment is an initial payment that reduces the amount owed, typically seen in real estate transactions.


Explanation:

Money you pay up front to reduce the amount you will owe is called a down payment.For example, when buying a home, putting down 20% of the purchase price is a common down payment requirement.


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