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I am borrowing 55000 from you. You have suggested the folowing torms, an interest rate of 6% and 4 annual payments, afler which the loan

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I am borrowing 55000 from you. You have suggested the folowing torms, an interest rate of 6% and 4 annual payments, afler which the loan batance int be zerp. What wil my annuar paymeri be 7 H you pgree to decrease the interest rate you charge mo, how will my loan payenent be affected and how will the total amount I pay for the loan be affected? It you agree to increase me number of annual payments, how will my loan payment be alfected and how wili the toial amount I pay for the loan be aflecteo? and the ictal ament I pey for the ion wil A. increase B. decrease C.. D. stimy the sarive A. incieave Q. decrease C. D. May the samh and bat total whount pay foe bie loan wet A.- vay the sere 18. c. incisase D. decrease

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