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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asked Jul 19, 2023 208k views

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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

TNA asked

by TNA

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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

Izissise answered Jul 26, 2023

by Izissise

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