2 years ago

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

Mathematics

1 answer:

Tcecarenko [31]2 years ago

3 0

Answer:

C. a higher monthly payment.

Step-by-step explanation:

<h3>Answer options:</h3>

Rate adjustment resulted in

A. a lower interest rate.

No, interest rate increased from 0.4 to 0.5 percent

B. a higher principal.

No, principal decreased from $200000 to $187000

C. a higher monthly payment.

Yes, monthly payment increased from $1059.85 to $1162.56

D. a higher number of payments.

No, number of payments remained as 336

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