Choose the best answer to the following question. Explain your reasoning with one or more complete sentences. In the loan payment​ formula, assuming all other variables are​ constant, the monthly payment does​ what? Question content area bottom Part 1 Choose the correct answer below. A. The monthly payment increases as APR increases. As the exponent in the denominator​ increases, the APR increases. B. The monthly payment increases as P increases. As the amount borrowed​ increases, the numerator of the PMT equation becomes larger and​ thus, the PMT increases. C. The monthly payment increases as P increases because in the loan payment​ formula, P is the regular monthly payment. D. The monthly payment increases as Y increases. As the amount borrowed​ increases, the numerator of the PMT equation becomes larger and​ thus, Y increases. E. The monthly payment increases as APR increases. As the amount borrowed​ increases, the numerator of the PMT equation becomes larger and​ thus, the APR increases. F. The monthly payment increases as Y increases. As the exponent in the denominator​ increases, the regular monthly payments increase.