As Payments Are Made, the Amount of Interest Taken from a Mortgage

question 21

Multiple Choice

As payments are made, the amount of interest taken from a mortgage loan payment decreases and the amount applied to the principal increases. This is because of

• A) appreciation.
• B) variable interest rate.
• C) amortization.
• D) depreciation.

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Definitions:

Modifiers

In linguistics, words or phrases that provide additional information about nouns, verbs, or adjectives, affecting their meanings or relations.

Appendix

A small, tube-shaped pouch attached to the lower end of the large intestine, whose exact function is unclear but is thought to play a role in gut immunity.

Patient History

The collected information about a patient's health background, including past diseases, surgeries, and family health issues, vital for treatment plans.

Established Patient

A patient who has seen the physician within the past 3 years. This determination is important when using E/M codes.