9. The problem with interest accruing on student loans while you are in college is: The interest payments must be paid while in college Accruing interest payments add to the size of the student's debt There is no problem 10. With regards to student loans, consolidation means having all your separate loans bundled into a single loan requiring only one month ly payment True False 11. In an amortization table, if the payment for the month is less than the interest for the month this is called a negative amortization loan and the payments can be quite small with this approach), the amount owed: increases decreases remains the same 12. In a fully amortized loan with equal monthly payments, the amount of each payment that goes to pay interest Increases over time Decreases over time Sometimes increases and sometimes decreases 13. With a typical 60-month car LOAN arrangement with equal monthly payments, the amount owed on the loan after the 60th payment is zero. True False 14. With a typical 60-month car LEASE arrangement with equal monthly lease payments, the lease payments are calculated so that if an amortization table were constructed, the outstanding balance after the 60th payment would equal: Zero The expected resale value of the car 15. With a typical home mortgage, most of the first monthly payment is used to Payoff some of the outstanding balance on the loan Pay interest that has accumulated on the loan