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What would happen to a monthly payment if the interest rate increased? OA. The payment would go up. B. The payment would go down. OC. The payment would remain the same. OD. None…

What would happen to a monthly payment if the interest rate increased? OA. The payment would go up. B. The payment would go down. OC. The payment would remain the same. OD. None…
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1 vote
What would happen to a monthly payment if the interest rate increased?

OA. The payment would go up.
B. The payment would go down.
OC. The payment would remain the same.
OD. None of the above

asked
User TNA
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8.1k points

1 Answer

2 votes
Interest is the percentage extra that is charged when a debt isn’t paid, so if it increases the payment would go up
answered
User Izissise
by
8.2k points
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