An amortized loan:

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

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

d$.$ rafquires the principal amount to be repaid in even increments over the life of the loan

e$.$ may have equal or increasing amounts applied to the principal from each loan pavment