What would happen to a monthly payment if the interest rate increased? OA. The payment would go up. B. The payment would go down. OC. The payment would remain the same. OD. None of the above

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Jeff Zacher asked Mar 20, 2023

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What would happen to a monthly payment if the interest rate increased?

OA. The payment would go up.
B. The payment would go down.
OC. The payment would remain the same.
OD. None of the above

Mathematics
high-school

Jeff Zacher asked Mar 20, 2023

by Jeff Zacher

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Interest is the percentage extra that is charged when a debt isn’t paid, so if it increases the payment would go up

Auto answered Mar 26, 2023

by Auto

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