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Sveta_85 [38]
3 years ago
6

What would happen to an annual payment if the APR charged was decreased

Mathematics
1 answer:
Xelga [282]3 years ago
8 0

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

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