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Your monthly payment to the bank is $1,000, interest being $950 and principal $50. After each payment is made, which of the following is true?

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Your monthly payment to the bank is $1,000, interest being $950 and principal $50. After each payment is made, which of the following is true? Select one: a. Decrease cash by $950, increase debt by $0 b. Decrease cash by $1000, decrease net worth by $1000 c. Decrease cash by $1000, increase net worth by $50 d. Net worth decreases by $950

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