Temple Corporation purchased a piece of real estate, paying $400,000 cash and financing $700,000 of the purchase price with a 10-year, 15% installment note. The note calls for equal monthly payments that will result in the debt being completely repaid by the end of the tenth year. In this situation: Select one: a. The portion of each monthly payment representing repayment of principal remains the same throughout the 10-year period. b.Each monthly payment is greater than the amount of interest accruing each month. c. The portion of each payment representing interest expense will increase over the 10-year period, since principal is being paid off, yet the payment amount does not decrease. d. The aggregate amount of the monthly payments is $700,000.