a 15-years (180-month) $125,000, Fixed rate a) The remaining balance after 3 years will be 125,000 less one third of the interest paid during the first 3 years. is correct? mortgage (-) $, b) Because the outstanding balance declines cich of the a Over time, the monthly payments will c) The outstanding balenece declaus at a faster rak in the later years of the loan's life d) The pooportion of the monthly payment that goes towards repayment of poincipal will be lower 10 years from now than it will be the first year. es Interest payments on the mortgages will increase steadily over time, but the tatal amount of each payment will remain the same