Question $21$

$6$ pts

A $$$0\mathrm{.}000$ loan is to be amortised over $7$ years, with annual end$-$of$-$year payments. Which of these statements is CORRECT?

$7$ the loun were amortised over $10$ years rather than $7$ years, and if the interest rate were the same is either case, the

The annat peyments wordd be lager if the interest rate were lower.

The last payment would have a Nigher pooportios of interest thas the fint payment.

The proportion of exch pryment that represenss interest as opposed to eepyrment ef principal wodld be lower il the interest rate were lower.