As Equal Instalment Payments Are Made on a Long-Term Loan

question 68

Multiple Choice

As equal instalment payments are made on a long-term loan,

• A)the interest portion increases and the principal portion decreases.
• B)the interest and principal portions remain the same.
• C)the interest portion decreases and the principal portion increases.
• D)both the interest portion and the principal portion decrease.

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Definitions:

Labor Shortages

Situations where there are insufficient workers to fill the employment needs in certain industries, often leading to increased wages and recruitment efforts.

New Mexico

is a state located in the southwestern region of the United States, known for its diverse culture and history, as well as its unique landscapes and national monuments.

North America

A continent in the northern hemisphere, bounded by the Arctic Ocean, Atlantic Ocean, and the Pacific Ocean, including countries like Canada, the United States, and Mexico.

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