Your family recently obtained a 30 months 100000 fixed rate, Ask an Expert

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Your family recently obtained a 30 (360 month) 100,000 fixed rate mortgage. which of the following statements is most correct and why?

A. The remaining balance is after 3 yrs will be 100000 les the total amount paid during the first 36 months.
B. The propartions of the monthly payments that goes towards repayment of principal will be highter ten yrs from now tha it wil be this yr.
C. the monthly payments on the mortgage will steadily decline over time.
D. All the statments above are correct.
E. None of the statements above is correct.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9272856

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