In Each Succeeding Payment on an Installment Note

question 13

Multiple Choice

In each succeeding payment on an installment note:

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

---

Definitions:

Tropical Birds

Bird species that reside in tropical regions, known for their vibrant colors and diverse species.

Temperate Fish

Fish species that live in waters with moderate temperatures, neither too hot nor too cold, typically between polar and tropical regions.

Reconciliation Ecology

The science of inventing, establishing, and managing habitats to conserve species diversity in areas where people live, work, or play.