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masha68 [24]
3 years ago
11

The charts show the effect of an interest rate adjustment on an adjustable-rate mortgage.

Mathematics
1 answer:
Tcecarenko [31]3 years ago
3 0

Answer:

C. a higher monthly payment.

Step-by-step explanation:

<h3>Answer options:</h3>

Rate adjustment resulted in

<u>A. a lower interest rate. </u>

  • No, interest rate increased from 0.4 to 0.5 percent

<u>B. a higher principal. </u>

  • No, principal decreased from $200000 to $187000

<u>C. a higher monthly payment. </u>

  • Yes, monthly payment increased from $1059.85 to $1162.56

<u>D. a higher number of payments.</u>

  • No, number of payments remained as 336
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