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Assume your line of credit incurred $500 interest on its remaining balance for this month. If this line of credit requires you to make the
Assume your line of credit incurred $500 interest on its remaining balance for this month. If this line of credit requires you to make the monthly interest payment only, how does this months transaction impact your financials?
Select one:
a. Cash decreases and Net Worth decreases
b. Cash is not changed and Credit Line Liability increases
c. Cash decreases and Credit Line Liability decreases
d. Cash increases and Credit Line Liability increases
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