In Each Succeeding Payment on an Installment Note

question 128

Multiple Choice

In each succeeding payment on an installment note:

• A)The amount of interest expense increases.
• B)The amount of interest expense decreases.
• C)The amount of interest expense is unchanged.
• D)The amounts paid for both interest and principal increase proportionately.

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Definitions:

Impulse

A charge transmitted through certain tissues, especially nerve fibers and muscles, resulting in physiologic activity.

Physiologic Activity

The functions and processes that are carried out by living organisms to maintain life.

Electrode

A conductor through which electricity enters or leaves a medium, used in various applications including medical equipment and batteries.

ECG

A test that records the electrical activity of the heart to diagnose heart conditions.