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24.10.2019 •
Mathematics
In general, reducing the monthly payment (p) of a credit card but keeping the interest rate (i) and present value (pv) the same will a. decrease the number of periods (n) needed to pay off the debt b. increase the number of periods (n) needed to pay off the debt c. eliminate the number of periods (n) needed to pay off the debt d. have no effect on the number of periods (n) needed to pay off the debt select the best answer from the choices provided. a b c d
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Ответ:
answer:
if the present value and number of periods are the same, but interest rate is lowered, this means that less interest needs to be paid each month, and the correct answer is a) decrease the monthly payment.
monthly payments would increase if the interest rate increases. monthly payments cannot be eliminated.
step-by-step explanation:
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