For a note requiring equal payments,each payment will consist of increasing amounts of principal and decreasing amounts of interest.

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This is because with each payment, the amount of outstanding principal decreases, which reduces the interest expense. Therefore, the portion of the payment that goes towards principal increases while the portion that goes towards interest decreases. This leads to equal payments, with differing amounts going towards principal and interest.

For a Note Requiring Equal Payments,each Payment Will Consist of Increasing