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1) increases with each payment
2) decreases with each payment
3) remains constant with each payment
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
.............
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