Which of the following statements is TRUE?
A)By DECREASING the number of payments per year,you REDUCE your total cash outflow but INCREASE your effective borrowing rate.
B)By INCREASING the number of payments per year,you BOOST your total cash outflow but INCREASE your effective borrowing rate.
C)By INCREASING the number of payments per year,you REDUCE your total cash outflow but INCREASE your effective borrowing rate.
D)By INCREASING the number of payments per year,you REDUCE your total cash outflow but DECREASE your effective borrowing rate.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is TRUE?
A)By DECREASING the number of payments per year,you REDUCE your total cash outflow but INCREASE your effective borrowing rate.
B)By INCREASING the number of payments per year,you BOOST your total cash outflow but INCREASE your effective borrowing rate.
C)By INCREASING the number of payments per year,you REDUCE your total cash outflow but INCREASE your effective borrowing rate.
D)By INCREASING the number of payments per year,you REDUCE your total cash outflow but DECREASE your effective borrowing rate.

Which of the Following Statements Is TRUE