Question

Payments to principal on a mortgage

a. represent the cost to the individual for taking out the loan.
b. increase the market value of the home.
c. decrease the market value of the home.
d. decrease liabilities, thereby increasing home equity and wealth.
e. decrease liabilities, thereby decreasing home equity and wealth.

Answer 1

A

Step-by-step explanation:

Principal us the amount of the loan collected and when paying back the loan the principal and interest is paid in return