The equal total payments pattern for installment notes consists of changing amounts of interest but constant amounts of principal over the life of the note. A. True
B. False

B. False

Explanation:

The equal total payments pattern for installment notes is when the regular payments on an installment note are always for the same amount. However, the amounts of interest and principal change over the life of the note because at the begining, most of the payment amount goes toward the interest and as you make payments your principal starts to decrease making the amount that goes toward the interest to decrease and the money that goes towards the principal to increase. According to that, the statement is false.