In a typical loan amortization schedule, the dollar amount of interest paid each period : .

2) decreases with each payment

As the balance outstanding keeps on decreasing.

Decrease with each Payment is the Correct Ans.

My answer will be option2) <<<<<<<<<<<<<<<<<<<

>>>>>>> 2) decreases with each payment

2) decreases with each payment

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AGreed to experts

Thank you

2) decreases with each payment

You pay the compound interest then the loan.

The loans in Europa I know have a fixed payment and fixed interest payment. But normal would be answer2< because the part that is loaned decreases