Personal Finance, 4e (Madura)

10) The advantage to financing a car for a long period of time (of up to seven years) is. A) you will build equity in the car faster. B) the car will be worth more by the time you pay off the loan. C) your monthly payment will be lower. D) you will be able to sell the car before you pay off the loan and have money to pocket. Answer: C ................
................