You Have a 30-Year, Fixed-Rate Mortgage with Equal Monthly Payments

question 96

Multiple Choice

You have a 30-year, fixed-rate mortgage with equal monthly payments. The amount of interest you pay each month will ________ and the amount of principal you pay each month will ________.

• A)decrease; decrease
• B)decrease; increase
• C)increase; decrease
• D)increase; increase
• E)remain constant; remain constant

---

Definitions:

Dumbbell-Shaped

A description of an object or structure that is narrow in the middle and wider at both ends, resembling the shape of a traditional dumbbell used for exercising.

Mesophyll

The inner tissue of a leaf, containing many chloroplasts, where photosynthesis occurs.

Palisade

in plant biology refers to the layer of closely packed cells in the leaves of plants where photosynthesis predominantly takes place.

Spongy Layers

Part of a plant's leaves, specifically within the mesophyll, that consists of loosely arranged cells with spaces between them for gas exchange.