Business, 14.05.2021 17:50, Shayleechase

Describe what happens to the portions of payments going to principal and interest over the life of an installment loan. Choose the correct answer below. A. The interest portion remains constant and the portion applied to paying off the principal increases with each successive payment. BE. The interest portion decreases and the portion applied to paying off the principal increases with each successive payment. C. The interest portion decreases and the portion applied to paying off the principal remains constant with each successive payment. D. The interest portion increases and the portion applied to paying off the principal decreases with each successive payment.

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Describe what happens to the portions of payments going to principal and interest over the life of a...