Question: T 0 3 - 1 : For a 3 0 - year fixed - rate mortgage, the monthly payment is a fixed amount, which is

T03-1: For a 30-year fixed-rate mortgage, the monthly payment is a fixed amount, which
is used to pay the interest and reduce the principal. In an amortization schedule of the
mortgage, is the interest payment in each month declining over 360 months? And what is
the ending balance of the principal amount at the end of the 360 months?
 T03-1: For a 30-year fixed-rate mortgage, the monthly payment is a

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