1 point 1. Magda is going to finance her car purchase using an auto loan. Which

statement below is accurate?

"Her principal is the cost of the car, minus any down payment she makes"

"Her interest rate is the total cost she'll pay after making all of her principal and

interest payments"

"Choosing a shorter term means it will take her longer to repay the loan"

"It's likely that her monthly payment will be between 4-5% of the cost of the car

1. Magda is going to finance her car purchase using an auto loan.

The statement that is accurate is:

"Her principal is the cost of the car, minus any down payment she makes."

Explanation:

Magda's principal for the auto loan is the cost of the car after deducting any down payment that she makes. The interest expense of the auto loan will be calculated based on the principal, using the rate of interest agreed with the auto company.  Down payments reduce the interest expense on the auto loan as well as the principal.

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obama was told in early july 2004 that he was chosen to deliver the address, and he largely wrote the speech himself, with later edits from the kerry presidential campaign.