Answer:
C. a higher monthly payment.
Step-by-step explanation:
<h3>Answer options:</h3>
Rate adjustment resulted in
<u>A. a lower interest rate.
</u>
- No, interest rate increased from 0.4 to 0.5 percent
<u>B. a higher principal.
</u>
- No, principal decreased from $200000 to $187000
<u>C. a higher monthly payment.
</u>
- Yes, monthly payment increased from $1059.85 to $1162.56
<u>D. a higher number of payments.</u>
- No, number of payments remained as 336
