Calculating the "interest expense" to be included in a land development project budget can be difficult. All of the following are typical attributes that contribute to this complexity and are true EXCEPT: Ch17

	a.	The rate of repayment of a loan depends on when various parcels or lots are sold
	b.	Revenue from lot/parcel sales vary by lot type
	c.	The loan requires amortization over expected project construction period
	d.	The loan amount increases as draws occur