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Which in each succeeding payment on an installment note

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Reference no: EM132688986

Problem 1: In each succeeding payment on an installment note:

Multiple Choice

Option 1: The amount that goes to interest expense increases.

Option 2: The amount that goes to interest expense decreases.

Option 3: The amount that goes to interest expense is unchanged.

Option 4: The amounts paid for both interest and principal increase proportionately.

Reference no: EM132688986

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