An amortized loan:

Question $2$Select one:

a$.$

requires that all interest be repaid on a monthly basis while the principal is repaid at the end of the loan term

b$.$

requires the principal amount to be repaid in even increments over the life of the loan

c$.$

may have equal or increasing amounts applied to the principal from each loan payment

d$.$

requires that all payments be equal in amount and include both principal and interest

e$.$

repays both the principal and the interest in one lump sum at the end of the loan term