80.7k views
1 vote
What would happen to an annual payment if the APR charged was decreased

User Smoksnes
by
7.9k points

1 Answer

2 votes

Answer

The annual payment will consequently decrease

Step-by-step explanation:

If the APR charged say on a mortgage loan is decreased, then the total repayments due will as a consequence decline provided the repayment term remains unaltered. Nevertheless, a decline in total repayments due amounts to a decrease in the annual repayments

User Artem Aliev
by
8.1k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories