sriggins2250 sriggins2250

26-04-2024
Business

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In general, reducing the number of periods (months) n it takes to pay off a credit card debt but keeping the present value PV (how much you owe) 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)

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