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GarryVolchara [31]
4 years ago
9

What would happen to a monthly payment if the interest rate decreased

Mathematics
2 answers:
Korolek [52]4 years ago
7 0

Answer:

The monthly payment will consequently decrease

Step-by-step explanation

If the interest rate 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 monthly or annual repayments

olga55 [171]4 years ago
6 0

Answer:

The monthly payment will consequently decrease

Step-by-step explanation:

If the interest rate 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 monthly or annual repayments

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