Installment notes payable that require periodic payments of accrued interest plu

Question

Installment notes payable that require periodic payments of accrued interest plus equal amounts of principal result in:        Periodic total payments that gradually decrease in amount
       Periodic total payments that are equal
       Periodic total payments that gradually increase in amount
       Increasing amounts of interest each period
       Increasing amounts of principal each period Installment notes payable that require periodic payments of accrued interest plus equal amounts of principal result in:

Explanation / Answer

Periodic total payments that gradually decrease in amount

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