Question: CH AN G E S IN M O RTGAG E P RIN CIP ALAN D IN TE RE ST O E R TIM E. Explain

CH AN G E S IN M O RTGAG E P RIN CIP ALAN D IN TE RE ST O E R TIM E. Explain how the composition of the principal and interest components of a fixed-rate mortgage change over the life of the mortgage.

What are the implications of this change? lo1

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