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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
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.
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