In an amortized mortgage, the monthly payment is the same each month. The part used to pay the principal increases each month, while the amount going toward interest ______.

Question

FANTAYSIAD3310 FANTAYSIAD3310

18-07-2022
Business

contestada

In an amortized mortgage, the monthly payment is the same each month. The part used to pay the principal increases each month, while the amount going toward interest ______.

Respuesta :

Otras preguntas

During World War I, why were the Germans unable to finish the war on the western front?

Which sample of matter can be separted into different substances by physical means??

Find the circumference of the circle with a radius of 39 in terms of p. a. 156 b. 39 c. 1521 d. 78

What propertys does the rock state-of -matter have that wont let Logan poke his finger through it?

Pet anacondas have escaped into the swamps of Florida.Why is that a problem

A net force acting on a object causes a object to accelerate the direction of force is

What are the four terms that help us talk about and define depth in a painting?

In American society, romantic love is considered the main reason for people to marry. On the other hand, in some societies, romantic love is considered a form o

What is four fifths of 30?

U.s. foreign policy shifted away from ________ to international involvement

ayokenny2001 ayokenny2001 · Answer 1 · 2022-07-21T17:46:35+02:00

In an amortized mortgage, the monthly payment is the same each month. The part used to pay the principal increases each month, while the amount going toward interest decreases.

What is a mortgage?

These are loans granted by banks or a specialized mortgage to borrowers who intends buying a house.

Amortization is a repayment feature of loans with equal monthly payments and a fixed end date. Mortgages are amortized, and so are auto loans.

Learn more about mortgage here: https://brainly.com/question/24923055

#SPJ1