Lucy Has Just Obtained a Five-Year Fixed-Rate Mortgage to Buy

Multiple Choice

Lucy has just obtained a five-year fixed-rate mortgage to buy her first home.The mortgage is amortized over 30 years.Which of the following statements is most correct?

A) Lucy's payments won't change for the next 30 years.
B) Lucy's payments won't change for the next 5 years.
C) Lucy's payments will increase as the term of the mortgage increases.
D) Lucy's payments will decrease as the term of the mortgage increases.