As a fixed-rate mortgage nears maturity, the portion of the monthly mo – McqOptions

MCQOPTIONS

1.	As a fixed-rate mortgage nears maturity, the portion of the monthly mortgage payment that is applied to principal _________ while the amount that is applied to interest ___________.
A.	Decreases; increases
B.	Increases; decreases
C.	Does not change; decreases
D.	Increases; does not change
Answer» C. Does not change; decreases

Discussion

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