What do you notice about the payment under the different time assumptions?(Select the best choice...
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What do you notice about the payment under the different time assumptions?Select the best choice below. A As the number of payments decreases, the monthly payment decreases, all else equal. The shorter the borrowing period, the lower the monthly payments. B As the number of payments decreases, the monthly payment increases, all else equal. The shorter the borrowing period, the higher the monthly payments.
What do you notice about the payment under the different time assumptions?Select the best choice below.
A
As the number of payments decreases, the monthly payment decreases, all else equal. The shorter the borrowing period, the lower the monthly payments.
B
As the number of payments decreases, the monthly payment increases, all else equal. The shorter the borrowing period, the higher the monthly payments.
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