Business, 13.03.2021 02:50, boo050341

HELP PLEASE In general, reducing the monthly payment (P) of a credit card but keeping the interest rate (i) and present value (PV) the same will _.

a. decrease the number of periods (n) needed to pay off the debt
b. increase the number of periods (n) needed to pay off the debt
c. eliminate the number of periods (n) needed to pay off the debt
d. have no effect on the number of periods (n) needed to pay off the debt

The answer is B. Just took the test, I struggled with this one so I thought it would help others.

HELP PLEASE

In general, reducing the monthly payment (P) of a credit card but keeping the int

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HELP PLEASE In general, reducing the monthly payment (P) of a credit card but keeping the interest...