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Which of the following statements pertaining to fixed-rate non-current instalment notes payable is correct? O When blended payments are made, a progressively larger portion of the payment goes toward the principal while a progressively smaller portion of the payment goes toward the interest. O Blended payments do not apply to non-current instalment notes payable. O When blended payments are made, a progressively smaller portion of the payment goes toward the principal while progressively larger portion of the payment goes toward the interest. O Blended payments result in the same amount of principal being paid at every payment date