Business, 13.01.2020 15:31 kk042563

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)

Answers: 2

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