Which of the Following Statements Is True of Amortization

Which of the following statements is true of amortization?

A) With an amortized loan, a bigger proportion of each month's payment goes toward interest in the early periods.
B) With an amortized loan, a bigger proportion of each month's payment goes toward interest in the later periods.
C) With an amortized loan, a smaller proportion of each month's payment goes toward interest in the early periods.
D) With an amortized loan, the interest portion of each month's payment remains unchanged.