An increase in which of the following will decrease the monthly payment? A. Interest rate B. Number of months financed C. Principal D. None of the above

An increase in the number of months that you will pay will decrease the payment because you will divide the total amount owed between a larger number which would result in a smaller amount each month.

Ex: $1000 paid in 5 months is $200/month.

$1000 paid in 10 months is $100/month.