Please make sure to Data Analytics Project #3 completed before answering this question. Click on the "Loan" worksheet The annual payment on the loan worksheet should b $14,168.37 per year and the monthly payment should be$1,169.67 per month. Which of the following statements is TRUE if we change the down payment to zero and APR annual percentage rate) to 6.00%? O Both the annual payment and monthly payment wil decrease. The annual payment will stay the same and the monthly payment will increase O The annual payment will increase but the monthly payment will decrease O Both the annual payment and monthly payment will both increase.
Please make sure to Data Analytics Project #3 completed before answering this question. Click on the "Loan" worksheet The annual payment on the loan worksheet should b $14,168.37 per year and the monthly payment should be$1,169.67 per month. Which of the following statements is TRUE if we change the down payment to zero and APR annual percentage rate) to 6.00%? O Both the annual payment and monthly payment wil decrease. The annual payment will stay the same and the monthly payment will increase O The annual payment will increase but the monthly payment will decrease O Both the annual payment and monthly payment will both increase.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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ll.6
Please make sure to Data Analytics Project #3 completed before answering this question. Click on the "Loan" worksheet. The annual payment on the loan worksheet should be $14,168.37 per year and the monthly payment should be$1,169.67 per month. Which of the following statements is TRUE if we change the down payment to zero and APR (annual percentage rate) to 6.00%? O Both the annual payment and monthly payment will decrease. The annual payment will stay the same and the monthly payment will increase. O The annual payment will increase but the monthly payment will decrease. O Both the annual payment and monthly payment will both increase.
Transcribed Image Text:Please make sure to Data Analytics Project #3 completed before answering this question. Click on the "Loan" worksheet. The annual payment on the loan worksheet should be
$14,168.37 per year and the monthly payment should be$1,169.67 per month. Which of the following statements is TRUE if we change the down payment to zero and APR
(annual percentage rate) to 6.00%?
Both the annual payment and monthly payment will decrease.
The annual payment will stay the same and the monthly payment will increase
O The annual payment will increase but the monthly payment will decrease
O Both the annual payment and monthly payment will both increase.
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