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Q6. Help me solve the whole problem. Your answein ta tyo decimal places. These pescentages thange over time because even though the total palymicnt is
Q6. Help me solve the whole problem.
Your answein ta tyo decimal places. These pescentages thange over time because even though the total palymicnt is constant the arieunt of interest paid cach yeat is declening as the temaining of outstanning batance decines. 17. These percentagei change over tame because even though the total payment is constant the pinount of interest paid each year 15 increasing as the remaining or outstaniding balince dectines. 111. These percentages change over tiene because even though the tatal bayment is constant the amoias of interest paid rach yeat is decliring as the remaining of outstianding batance increases. TV. These percentapes change over time because even though the totof payment is constank the ainoute of interent paid each year is increasing as the remaining or outstanding balance increases. V. These percentages do noe change over time; interest and peincipal are each a tonstant percentoje of the total payment Step by Step Solution
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