Business, 07.12.2019 07:31, savannahvargas512

The following table shows a portion of a three-year amortization schedule
3 year amortization schedule
loan amount or principal $ 12.240.00
interest rate on loan
8.71%
extra payment to principal
s
month payment principal interest | balance
13 s 38758 s 325.82 61.76 8. 182 71
14 s 387 58s 328.19 159.39 $ 7.854 52
15 s 387 58s 330.57s 57 01 71523.95
16 s 387 58s 332.97 54.61s 7.190.99
17 s 387 58s 335.38 s 52 1956.855.60
18 s 38758s 337 82 49.76 s 6.517.78
19 s 38758 s 340 27/ 47/31 s g 172151
use the information in the table to decide which of the following statements is true,
a. the payment amount changes each month,
b. the amount applied to the principal is decreasing each month
the amount applied to the principal is increasing each month
d. the amount applied to interest is increasing each month,
c.

Answers: 3

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The following table shows a portion of a three-year amortization schedule
3 year amortization...