Question: With a fixed - rate mortgage with 3 0 years to original maturity, the amortization schedule of monthly mortgage payments shows that _ _ _
With a fixedrate mortgage with years to original maturity, the amortization schedule of monthly mortgage payments shows that
Group of answer choices
each month, the interest rate used for each equal payment changes as the market interest rate changes
the interest payment exceeds the principal repayment near the scheduled maturity
the principal repayment exceeds the interest payment near the scheduled maturity
the interest payment equals the principal repayment near the scheduled maturity
each month, the amount of principal repayment is exactly the same
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