Because of amortization, the amount I would pay in interest each year for my mortgage would be very high at the start of the mortgage, and would decline gradually. (money.stackexchange.com)
If you are offered a 7 percent interest rate for 20 years you will effectively pay 7 percent in interest every year for 20 years. (lendedu.com)
Last year 2014 was a very interesting year for many reasons. (marcthevet.com)