Question: 3 3 In each succeeding payment on an installment note, the amount: Multiple Choice 1 . 6 6 points 0 2 : 0 5 :
In each succeeding payment on an installment note, the amount:
Multiple Choice
points
::
Of interest expense increases.
Of interest expense is unchanged.
Paid for both interest and principal increase proportionately.
Of interest expense decreases.
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