In general, reducing the number of periods (n) used to pay off credit card debt but keeping the present value (PV) and interest rate (i) the same will increase the monthly payment (P).
Debt results once<span> a </span>shopper<span> of a </span>MasterCard<span> company purchases </span>an<span> item or service through </span>the card<span> system. The late payment penalty itself </span>will increase the number<span> of debt </span>the buyer<span> has.</span>
Answer: Is an expensive form of short-term credit if a buyer forgoes the discount.
Explanation:
2/10 net 30 credit policy is a form of trade credit that is being offered by a seller to a customer when there is a transaction for a particular good or service.
2/10 net 30 simply means that the customer will get a discount of 2% when he or she pays within 10 days, but the customer will pay the whole. amount when it's due in 30 days.
This policy is an expensive form of short-term credit if a buyer forgoes the discount.
Considering you accidently messed up the question, Could you give me a brainliest?
