On an amortization schedule, more interest and less principal is paid each month as the loan matures.

Name: On an amortization schedule, more interest and less principal is paid each month as the loan matures.
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On an amortization schedule, more principal and less interest is paid each month as the loan matures, because each payment reduces the principal balance, thereby reducing the amount of interest calculated on the remaining balance.

On an Amortization Schedule, More Interest and Less Principal Is