If interest rates increase significantly in the future, in what ways will your borrowing decisions and financial ratios be impacted?
A) Higher rates will increase the amount of loan you can obtain because your debt payment ratios will increase.
B) Higher rates will increase the amount of loan you can obtain because your debt payment ratios will decrease.
C) Higher rates will reduce the amount of loan you can obtain because your debt payment ratios will increase.
D) Higher rates will reduce the amount of loan you can obtain because your debt payment ratios will decrease.
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