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The following table shows the first two years of a three-year amortization schedule. A 3-year amortization schedule. The payments are the same, the principal increases, the interest decreases, and the balance decreases over the 3 years.
Use the information in the table to decide which of the following statements is true.

a. The interest amount increases each month.
b. The principal amount decreases each month.
c. The payment amount changes each month.
d. The payment amount each month stays the same.

The following table shows the first two years of a threeyear amortization schedule A 3year amortization schedule The payments are the same the principal increas class=
The following table shows the first two years of a threeyear amortization schedule A 3year amortization schedule The payments are the same the principal increas class=

Respuesta :

Blancoalejandro61

Answer:

The answer is D. The payment amount each month stays the same. I just took the test

Step-by-step explanation:

Lanuel

Based on the amortization schedule, the true statement is that: D. The payment amount each month stays the same.

What is an amortization schedule?

An amortization schedule can be defined as a table that is used to provide a complete information on the periodic payments for an amortizing loan with respect to the amount of principal and interest rate.

From the information provided by the amortization schedule, we can deduce that payment amount each month stays the same with a value of 241.32 dollars.

Read more on amortization schedule here: https://brainly.com/question/14781459

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