Homework answers / question archive / In an amortization schedule of monthly mortgage payments with a fixed interest rate, over time the fraction of each monthly payment that reflects interest _________ and the fraction of the payment that reflects principal ____________

In an amortization schedule of monthly mortgage payments with a fixed interest rate, over time the fraction of each monthly payment that reflects interest _________ and the fraction of the payment that reflects principal ____________

Finance

Share With

In an amortization schedule of monthly mortgage payments with a fixed interest rate, over time the fraction of each monthly payment that reflects interest _________ and the fraction of the payment that reflects principal ____________.

A) Increases, decreases

B) Decreases, increases

C) Decreases, decreases

D) Remains unchanged, decreases

E) Decreases, remains unchanged