For a ten-year installment note, the portion of the periodic installment payment that represents interest in the third year is: a. the same as In the fourth year.

b. the same as in the first year.

c. less than In the fourth year.

d. more than in the fourth year

d. more than in the fourth year

Explanation:

In a ten-year install plan, the interest portion in the installment gradually decreases because the outstanding amount decrease with the payment of installment.

The installment has two portions

The interest is charged on the outstanding amount of the loan. As the installment is paid the principal portion reduces the outstanding amount of the loan. The interest portion of the installment decreases gradually and the principal portion of the installment increases.

There is a higher payment of interest in the early installment payments that gradually decreases.

The interest payment made in the third year will be higher than the interest payment made in the fourth year

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.

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