Multiple Choice
You just bought a new home and have a 30-year mortgage with monthly payments. Which statement regarding your mortgage is correct?
A) Your monthly payments will decrease over time.
B) The dollar amount of interest expense you pay each year will remain the same each year.
C) The dollar amount of principal paid increases each month.
D) All of these choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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