Describe the effect an increase in i, the interest rate applied to the present value, has on the monthly payment p in the formula a. an increase in i, the interest rate, will not change p, the monthly payment. b. an increase in i, the interest rate, will create an increase in p, the monthly payment. c. an increase in i, the interest rate, will create a decrease in p, the monthly payment. d. an increase in i, the interest rate, can increase or decrease p, the monthly payment, depending on the value of pv.

B. An increase in i, the interest rate, will create an increase in P, the monthly payment.

Step-by-step explanation:

We have the formula for the monthly payment as,

,

where P = monthly payment, i = rate of interest, PV = present value and n = time period.

Now, as i increase we get that (1+i) increases and so increases.

This gives us that, decreases and so decreases

Therefore, increases.

So, we get that as i increases , the value of P will increase.

Hence, option B is correct.

Option B is the correct answer -  An increase in i, the interest rate, will create an increase in P, the monthly payment.

Step-by-step explanation:

The monthly payment formula is

where p = monthly payment, r = rate of interest, n = time period and PV = present value.

Here 'r' is proportional to p. When r increases, p increases and vice versa.

Hence, option B is correct.

Summing up in simple language, we always see, when the rate of interest is higher, the installments are higher and when rate is lower the monthly installments are less.

the answer is 510

step-by-step explanation:

15 • 13 = 195

15 • 12 = 180

15 • 5 = 75

12 • 5 = 60

195 + 180 = 375

375 + 75 = 450

450 + 60 = 510

the smallest possible measurement of the width is 14 feet

step-by-step explanation:

let's assume length of parallelogram is 'l'

width of parallelogram is 'w'

the perimeter of a parallelogram must be no less than 40 feet

so, we get

we are given

length of parallelogram is 6 feet

so,

l=6

we can plug it

now, we can solve for w

subtract both sides by 12

divide both sides by 2

and we get

so,

the smallest possible measurement of the width is 14 feet