Question: QUESTION 19 In each succeeding payment on an installment note: The amount of interest paid increases. The amount of principal paid increases. The amounts paid

QUESTION 19

  1. In each succeeding payment on an installment note:

    The amount of interest paid increases.

    The amount of principal paid increases.

    The amounts paid for both interest and principal increase proportionately.
    The amount of principal paid decreases

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