Over the period to maturity, why does yearly interest expense decrease on an installment note?

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Fundamentals of Financial Accounting

ISBN: 978-1259864230

6th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Question Posted: Jul 16, 2019 01:47 PM

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Over the period to maturity, why does yearly interest expense decrease on an installment note?

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Fundamentals of Financial Accounting

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