Question: Question 2 (1 point) How does the amortization of the principal balance affect the amount of interest expense recorded each succeeding year? 1) Has no

Question 2 (1 point) How does the amortization of the principal balance affect the amount of interest expense recorded each succeeding year? 1) Has no effect on interest expense each succeeding year 2) Increases the amount of interest expense each succeeding year 3) Reduces the amount of interest expense each succeeding year 4) The effect depends on the interest rate

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