(p) principal $200,000 (p) principal $187,000\n(r) monthly interest rate .4% (r) monthly interest rate…

(p) principal $200,000 (p) principal $187,000\n(r) monthly interest rate .4% (r) monthly interest rate .5%\n(n) total number of monthly payments remaining 360 (n) total number of monthly payments remaining 336\n(m) monthly payment $1,059.85 (m) monthly payment $1,162.56\nthe change in interest rate shown in the charts resulted in\n○ a lower interest rate.\n○ a higher principal.\n○ a higher monthly payment.\n○ a higher number of payments.

(p) principal $200,000 (p) principal $187,000\n(r) monthly interest rate .4% (r) monthly interest rate .5%\n(n) total number of monthly payments remaining 360 (n) total number of monthly payments remaining 336\n(m) monthly payment $1,059.85 (m) monthly payment $1,162.56\nthe change in interest rate shown in the charts resulted in\n○ a lower interest rate.\n○ a higher principal.\n○ a higher monthly payment.\n○ a higher number of payments.

Answer

Explanation:

Step1: Compare interest rates

The first - table has a monthly interest rate of 0.4% and the second - table has a monthly interest rate of 0.5%, so the interest rate increased.

Step2: Compare principal amounts

The first - table has a principal of $200,000 and the second - table has a principal of $187,000, so the principal decreased.

Step3: Compare monthly payments

The first - table has a monthly payment of $1,059.85 and the second - table has a monthly payment of $1,162.56. Since $1,162.56>$1,059.85, the monthly payment increased.

Step4: Compare number of payments

The first - table has 360 remaining monthly payments and the second - table has 336 remaining monthly payments, so the number of payments decreased.

Answer:

a higher monthly payment.