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Marie has been paying off a principal - and - interest home mortgage loan for the past three years. Her bank lent her $ 5
Marie has been paying off a principalandinterest home mortgage loan for the past three years. Her bank lent her $ at an interest rate of pa with a loan term of years, with equal monthly repayments required. Immediately after Marie made the th repayment, the bank informed her that the interest rate had been increased from pa to pa effective immediately, and her monthly repayment will therefore be increased so that her loan will still be repaid by the originally agreed date.
The increase in Maries monthly repayment is closest to:
A $
B $
C $
D $
Group of answer choices
B
A
D
C
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