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ozzi
3 years ago
11

In general, reducing the number of periods (n) used to pay off credit card debt but keeping the present value (PV) and interest

rate (i) the same will __________.
a.
reduce the monthly payment (P)
b.
increase the monthly payment (P)
c.
eliminate the monthly payment (P)
d.
have no effect on the monthly payment (P)
Business
1 answer:
NARA [144]3 years ago
6 0
In general, reducing the number of periods (n) used to pay off credit card debt but keeping the present value (PV) and interest rate (i) the same will increase the monthly payment (P).

Debt results once<span> a </span>shopper<span> of a </span>MasterCard<span> company purchases </span>an<span> item or service through </span>the card<span> system. The late payment penalty itself </span>will increase the number<span> of debt </span>the buyer<span> has.</span>
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