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

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Definitions:

Defend Status Quo

The act of maintaining current conditions or resisting change in a system or organization.

Political Strategy

The plan and actions designed to achieve a particular political outcome or to influence political decisions, often employed by governments, political parties, or activists.

Lobbying

The act of attempting to influence the decisions made by officials in a government, most often legislators or members of regulatory agencies.

Politics

The activities, actions, and policies that are used to gain and hold power in a government or to influence decision-making in an organization.