used to repay an amortized Corsider the amount of the interest payments included in each of the payments of an amartized loan. Which of the following statements regarding the pattern of the interest payments is true? 0 The portion of the payment going toward Interest is smaler in the earfy years of the loan and increases as the loan is repaid. 9 The portion of the payment going toward interest is larger in the early years of the loan and decreases as the loan is repaid. The total amount of interest paid the life of a mortgage loan is to the total of all ofthe loan payments and the loan's prinia. O Everything else remaining constant, if you were to pay more than the minimum payment each year and apply the difference to the repayment of prindipal, the total amount of interest paid on the loan over its Ile would increase. True or False. The periodic (hor example, monthly, quarterly, or annual) paymest for an amortized loan is determined as the payment term in th formula for the calculation of the present vakue of an annuity O False True Your dream is coming truel You are about to complete the purchase of your first home. To do so, you will borrow $100,000 from a savings and loarn iss seas n hat e a res it nterest rate of ,00% on your oan. To sin pity your workload, assume that you will repay your mortgage loan over the next four years by making annual payments at the end of each year Complete the following loan amortization table by selecting the correct answers: Year BeginningAmount Interest $100,000 used to repay an amortized Corsider the amount of the interest payments included in each of the payments of an amartized loan. Which of the following statements regarding the pattern of the interest payments is true? 0 The portion of the payment going toward Interest is smaler in the earfy years of the loan and increases as the loan is repaid. 9 The portion of the payment going toward interest is larger in the early years of the loan and decreases as the loan is repaid. The total amount of interest paid the life of a mortgage loan is to the total of all ofthe loan payments and the loan's prinia. O Everything else remaining constant, if you were to pay more than the minimum payment each year and apply the difference to the repayment of prindipal, the total amount of interest paid on the loan over its Ile would increase. True or False. The periodic (hor example, monthly, quarterly, or annual) paymest for an amortized loan is determined as the payment term in th formula for the calculation of the present vakue of an annuity O False True Your dream is coming truel You are about to complete the purchase of your first home. To do so, you will borrow $100,000 from a savings and loarn iss seas n hat e a res it nterest rate of ,00% on your oan. To sin pity your workload, assume that you will repay your mortgage loan over the next four years by making annual payments at the end of each year Complete the following loan amortization table by selecting the correct answers: Year BeginningAmount Interest $100,000