Question

An increase in which of the following will decrease the monthly payment?

Answer 1

Im going with A.Trade-in value


Hope this helps :)

Answer 2

Answer:

A. Trade-in value

Step-by-step explanation:

When financing a vehicle purchase, increasing the trade-in value will decrease the amount of money that needs to be financed.  This will then decrease the monthly payment.

If, on the other hand, the interest rate is increased, the monthly payment will increase.

Increasing the principal of any loan will increase the amount that must be paid back, which will increase the payment.