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In an amortization schedule of monthly mortgage payments with a fixed interest rate, over time the fraction of each monthly payment that reflects interest _________

In an amortization schedule of monthly mortgage payments with a fixed interest rate, over time the fraction of each monthly payment that reflects interest _________ and the fraction of the payment that reflects principal ____________.

  1. A) Increases, decreases

  2. B) Decreases, increases

  3. C) Decreases, decreases

  4. D) Remains unchanged, decreases

  5. E) Decreases, remains unchanged

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