When the Final Balloon Payment Is Due on a Balloon

question 6

Multiple Choice

When the final balloon payment is due on a balloon auto loan,you can generally

• A)pay the balloon payment and keep the car.
• B)return the car to the lender.
• C)sell the car and pay the balloon payment with the proceeds.
• D)(all of these)

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Definitions:

Chain Migration

A term used to describe the social process by which immigrants from a particular town follow others from that town to a particular city or neighborhood, whether in the same country or abroad.

Internet Daily

The regular usage of the internet on a daily basis for various activities such as communication, work, education, and entertainment.

Adults

Individuals who have reached a specific age or maturity level, typically recognized as having attained the full growth and development of their physical, mental, and emotional capacities.

Worldwide

All-encompassing or global in scope or application.