Question: When you are amortizing a loan with a constant payment, for each succeeding payment: Question 2 Answer a . Both interest payment and principal payment

When you are amortizing a loan with a constant payment, for each succeeding payment:
Question 2Answer
a.
Both interest payment and principal payment stay constant.
b.
Interest payment increases and principal payment decreases.
c.
Interest payment decreases, and principal payment increases.
d.
Both interest payment and principal payment increase.
e.
Both interest payment and principal payment decrease.

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