During the last years of an amortizing mortgage loan, the lender applies
A) most of the monthly payment to the outstanding principal balance.
B) all of the monthly payment to the outstanding principal balance.
C) most of the monthly payment to interest on the loan.
D) all of the monthly payment to interest on the loan.
E) the monthly payment equally to interest on the loan and the outstanding principal balance.
A
You might also like to view...
A __________ gateway sets up two TCP connections, one between itself and a TCP user on an inner host and one between itself and a TCP user on an outside host
A. packet filtering B. stateful inspection C. application-level D. circuit-level
List the five modes of transportation. For each mode provide a brief description (or examples) of the type of cargo that typically travels via that mode of transport