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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
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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

User Sezerug
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Answer:

I got you!

Step-by-step explanation:

B. increases with each succeeding payment.

User Schalton
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