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Nadia is buying a car, She has saved $8,200 in cash and has secured a loan
for the remaining $19,000. She gets a five-year loan at 5 percent. In this
scenario, 819,000 is the
A. principal
B, down payment
c. monthly installment
D. total amount she will pay back

Respuesta :

Parrain

Based on the fact that the $19,000 was secured as a loan by Nadia, it is considered the A. principal.

What is the principal?

The principal in relation to a loan refers to the original amount that was borrowed.

In this case, the original amount borrowed as a loan was the $19,000 that Nadia needed to complete the amount she needed to get a car.

In conclusion, option A is correct.

Find out more on the principal at https://brainly.com/question/25545513.

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