Which of the following statements regarding a 30-year monthly payment amortized mortgage with a nominal interest rate of 10% is CORRECT? O The amount representing interest in the first payment would be higher if the nominal interest rate were 7% rather than 10%. The total dollar amount of principal being paid off each month gets smaller as the loan approaches maturity. A smaller proportion of the last monthly payment will be interest, and a larger proportion will be principal, than for the first monthly payment. O The monthly payments will decline over time