When Applying Equal Total Payments to a Note,with Each Payment

question 2

Essay

When applying equal total payments to a note,with each payment the amount applied to the note principal ____________ while the interest expense for the note _____________.
Answers must appear in this order.

---

Definitions:

Basics

Fundamental principles or rudiments of a subject.

Upward Communication

The process of information flow from the lower levels of a hierarchy to the higher levels in an organization.

Share Ideas

The act of exchanging thoughts, concepts, or proposals between individuals or groups to foster understanding or innovation.

Information Leaders

Individuals who influence others through their superior access to, and knowledge of, information, often shaping opinions or actions.