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.

Question

21-04-2022
Mathematics

contestada

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.

Respuesta :

Otras preguntas

How did napoleon rise to power so quickly in france?

Epics often center on a battle between good and evil. find evidence in lines 173-198 to indicate that beowulf is battling for the good

How do you think the blues emerged as a main musical form of the harlem renaissance?

Use the excerpts above to write an essay, at least two paragraphs, supporting the question below. Remember to clearly state your main point and use quotes from

You are planning on using circles to compare the populations of California 37,691,000, Texas 25,675,000, and New York 19,465,000. If the circle for New York wil

8y-36 factor the expression complete

What is the area of a circle, if it's radius is 2cm?

Why might a point mutation in dna make a difference in level protein's activity?

What is a homophone for peace,piece?

The length of an insect’s wing, drawn at a scale of 50:1, is 15 cm. What is the actual length of the wing?

astha8579 astha8579 · Answer 1 · 2022-04-28T10:48:54+02:00

The true statement regarding the facts provided in the table is given by: Option D: the payment amount each month stays the same.

What is an increasing amount?

Amount whose value increases from its past value is called increasing amount.

The missing table is attached below.

Checking the validity of each option:

Option a: the interest amount increases each month.

We see from the table that interest in each previous month is bigger than next month, for example, in first month, it was $56.33, and in next month, it was $54.99, so interest is decreasing.

Thus, this option is not correct.

Option b. the principal amount decreases each month.

The principal amount in any previous month is smaller than the next month principal amount. For example, in first month, the principal amount was $184.96 and in next month, it became $186.33, so the principal amount is increasing.

Thus, this option is not correct.

Option c. the payment amount changes each month.

Option d. the payment amount each month stays the same.

Option C is false and option D is true. It is because the payment is constant $241.32(iie, it doesn't change, and therefore stays the same) in each of the months.

Thus, the true statement regarding the facts provided in the table is given by: Option D: the payment amount each month stays the same.

Learn more about comparison of numerical quantities here:

https://brainly.com/question/544059