Which of the following is a characteristic of an amortized or level payment mortgage?

A. The early payment are mostly interest
B. The early payments are mostly principal
C. Each monthly payment increases and the balance decreases
D. With each monthly payment, the interest increases and the balance decreases.

Answer: A. The early payment are mostly interest

Business

You might also like to view...

A property manager or property management firm is usually a _____ agent.

A. general B. principal C. special D. universal

Business

A marketer would be most likely to use which of the following to make sure that her company always comes up at or near the top of lists of typical search phrases related to her business?

A) an online reputation management service B) a "scrub" service C) search engine optimization (SEO) D) total quality management (TQM) E) SERVQUAL

Business