Mathematics, 28.01.2020 06:31, goat46

In general, reducing the interest rate (i) of a credit card but keeping the present value (pv) and number of periods (n) the same will a. decrease the monthly payment (p) needed to pay off the debt b. increase the monthly payment (p) needed to pay off the debt c. eliminate the monthly payment (p) needed to pay off the debt d. have no effect on the monthly payment (p) needed to pay off the debt

answer is a

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In general, reducing the interest rate (i) of a credit card but keeping the present value (pv) and n...