Ask Question
9 November, 06:35

In each succeeding payment on an installment note

A) The amounts paid for both interest and principal increase proportionately

B) The amount of principal paid decreases.

C) The amount of principal paid increases

D) The amount of interest paid increases.

+5
Answers (1)
  1. 9 November, 06:43
    0
    The amount of principal paid increases

    Answer: Option C.

    Explanation:

    Installment loan advances incorporate any advance that is reimbursed with routinely booked installments or portions.

    Every installment on a portion obligation incorporates reimbursement of a segment of the chief sum acquired and furthermore the installment of enthusiasm on the obligation.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In each succeeding payment on an installment note A) The amounts paid for both interest and principal increase proportionately B) The ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers