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