Assume you are making $989 monthly payments on your amortized mortgage. The amount of each payment that is applied to the principal balance:________.

a. Decreases with each succeeding payment.

b. Increases with each succeeding payment.

c. Is constant throughout the loan term.

d. Fluctuates monthly with changes in market interest rates

Answers

Answer 1

Answer:

I got you!

Explanation:

B. increases with each succeeding payment.


Related Questions

it is likely that John chooses this oil company because of their ___ services

Answers

it is likely that John chooses this oil company because of their good services

Answer:

Due to their good services, John is likely to choose this oil company!

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