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Which of the followng statements regarding a 15 -year, $125,000 amotized lona is COPRECT? 3. The proportion of the monthiy payment that goes towards repayment

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Which of the followng statements regarding a 15 -year, $125,000 amotized lona is COPRECT? 3. The proportion of the monthiy payment that goes towards repayment of principal will be lower 10 years from now than it will be in the first year. b. Interest payments on the loan whil increase steadily over time, but the fotal amount of each payment will remain oonstant. c. The remaining balance after three years will be $125,000 less one third of the interest poid during the first three years. d. The outstanding balance dectines at a slower rate in the loter years of the loan 6. Becouse it is an amontized loan, the monthiy payment, Which includes both interest and principel payments, will remain constant throughout the life of the loant

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