Question
Over the life of an amortized loan, the dollar amount of interest in each monthly payment ___________ and the dollar amount of principal repayment ____________.
Over the life of an amortized loan, the dollar amount of interest in each monthly payment ___________ and the dollar amount of principal repayment ____________.
increases; decreases
decreases; increases
decreases; decreases
increases; increases
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CFP Board Financial Planning Competency Handbook
Authors: CFP Board
2nd Edition
1119094968, 978-1119094968
