Register

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 succ…

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 succ…
asked 104k views
8 votes
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

asked
User Sezerug
by
8.4k points

1 Answer

12 votes

Answer:

I got you!

Step-by-step explanation:

B. increases with each succeeding payment.

answered
User Schalton
by
8.6k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
What is meant by data mining ?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!