Question: T 0 3 - 1 : For a 3 0 - year fixed - rate mortgage, the monthly payment is a fixed amount, which is
T: For a year fixedrate 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 months? And what is
the ending balance of the principal amount at the end of the months?
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