Question: A mortgage note payable with a fixed interest rate requires the borrower to make installment payments over the term of the loan. Each installment payment

A mortgage note payable with a fixed interest rate requires the borrower to make installment payments over the term of the loan. Each installment payment includes interest on the unpaid balance of the loan and a payment on the principal. With each installment payment, indicate the effect on the portion allocated to interest expense and the portion allocated to principal. O Portion allocated to Interest Expense will increase; portion allocated to Payment of Principal will increase. Portion allocated to Interest Expense will decrease; portion allocated to Payment of Principal will increase. O Portion allocated to Interest Expense will decrease; portion allocated to Payment of Principal will decrease. Portion allocated to Interest Expense will increase; portion allocated to Payment of Principal will decrease

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