Business, 10.04.2021 01:00 alvfran1041
In general, reducing the interest rate (i) of a credit card but keeping the present value (PV) and number of periods (n) the same will.
a.) decrease the monthly payment (P) needed to pay off the debt.
b.) increase the monthly payment (P) needed to pay off the debt.
c.) eliminate the monthly payment (P) needed to pay off the debt.
d.) have no effect on the monthly payment (P) needed to pay off the debt.
Answers: 2
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In general, reducing the interest rate (i) of a credit card but keeping the present value (PV) and n...
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