Which of the Following Is True Regarding a Mortgage

question 72

Multiple Choice

Which of the following is true regarding a mortgage?

• A)The payment is made up of principal and interest.
• B)Payments in the early years of the mortgage have more interest and less principal.
• C)Payments in the later years of the mortgage have more interest and less principal.
• D)Both A and B are correct.

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Definitions:

Strength

The quality or state of being physically strong.

Negatively Correlated

A connection between two factors where as one factor rises, the other falls, and the reverse is also true.

Sets Of Scores

Groups or collections of numerical values, often used in statistics to represent data points from measurements or observations.

Decreases

A reduction or decline in value or quantity.