Cheryl has a 8 year, $330,000 amortised mortgage with a nominal interest rate of 6 percent per annum and monthly compounding. Which of the following statements regarding this mortgage is most correct?

a. The monthly payments will decline over time

b. The proportion of the monthly payment which represents interest will be higher for the last payment than for the first payment on the loan

c. The total dollar amount of principal being paid off each month gets smaller as the loan approaches maturity

d. None of the statements are correct