How does the amortization of principal balance affect

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How does the amortization of the principal balance affect the amount of interest expense recorded each succeeding year?

Has no effect on interest expense each succeeding year

Increases the amount of interest expense each succeeding year

Reduces the amount of interest expense each succeeding year

The effect depends on the interest rate

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How does the amortization of principal balance affect : how does the amortization of the principal balance affect the amount of interest expense recorded each succeeding

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