With Fixed Principal Payments, the Interest ___ Each Period as the Principal

question 97

Multiple Choice

With fixed principal payments, the interest ___ each period as the principal ___.

• A) decreases, decreases
• B) increases, increases
• C) increases, decreases
• D) decreases, increases

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Definitions:

Division

A mathematical operation where one number (the dividend) is divided by another (the divisor), showing how many times the divisor fits into the dividend.

Division

A mathematical operation that represents dividing one number by another.

Polynomial

A mathematical expression consisting of variables and coefficients, that involves only the operations of addition, subtraction, multiplication, and non-negative integer exponents.

Factor

A number that divides another number exactly, without leaving a remainder, or the process of breaking down expressions into simpler components that can be multiplied together.