Question: When you are amortizing a loan with constant payment, for each succeeding payment: a. Interest payment decreases and principal payment increases b. interest payment increases

When you are amortizing a loan with constant payment, for each succeeding payment:

a. Interest payment decreases and principal payment increases

b. interest payment increases and principal payment decreases

c. both interest payment and principal payment stay constant

d. both interest payment and principal payment increase

e. both interest payment and principal payment decrease

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