Describe the effect an increase in i, the interest rate applied to the present value, has on the monthly payment p in the formula
popr.
a. an increase in i, the interest rate, will not change p, the monthly payment.
b. an increase in i, the interest rate, will create an increase in p, the monthly payment.
c. an increase in i, the interest rate, will create a decrease in p, the monthly payment.
d. an increase in i, the interest rate, can increase or decrease p, the monthly payment, depending on the
value of pv

Desmond wants to sell his car that he paid $8,000 for 2 years ago. the car depreciated, or decreased in value, at a constant rate each month over a 2-year period. if x represents the monthly depreciation amount, which expression shows how much desmond can sell his car for today? 8,000 + 24x 8,000 - 24x 8,000 + 2x 8,000 - 2xdesmond wants to sell his car that he paid $8,000 for 2 years ago. the car depreciated, or decreased in value, at a constant rate each month over a 2-year period. if x represents the monthly depreciation amount, which expression shows how much desmond can sell his car for today? 8,000 + 24x 8,000 - 24x 8,000 + 2x 8,000 - 2x