The count of people serves as the independent variable. The picnic's starting cost (initial fee) is $40. When more people attend, the picnic's overall expense rises.
Set t = 0 to find the initial height
When the present value and number of periods remain the same, but the interest rate is reduced, this results in decreased monthly payments required. Thus, option a) decrease the monthly payment stands true. Monthly payments will rise if the interest rate increases, and they cannot be erased.
