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10 January, 02:44

What would happen to an annual payment if the APR charged was decreased

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  1. 10 January, 03:10
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    The annual payment will consequently decrease

    Step-by-step explanation:

    If the APR charged say on a mortgage loan is decreased, then the total repayments due will as a consequence decline provided the repayment term remains unaltered. Nevertheless, a decline in total repayments due amounts to a decrease in the annual repayments
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