Question: **** Multiple Answer Question **** **** Select ALL correct answers **** In an amortized loan: Group of answer choices a) Over time, the interest part

**** Multiple Answer Question **** **** Select ALL correct answers **** In an amortized loan:

Group of answer choices

a) Over time, the interest part of the payment decreases and the principal part increases.

b) Over time, the interest part of the payment increases and the principal part decreases.

c) Over time, the interest part of the payment and the principal part remain the same.

d) The total interest paid is the annual interest rate times the original loan amount.

e) The total interest paid is the periodic payment times the number of payments minus the original loan amount.

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