What does the difference Lo - L12 represent? O a. None of the other choices are correct O b. The principal repaid in the first 12 years of the loan. O c. The interest paid in the first year of the loan. O d. The principal repaid in the first year of the loan. What does the product L12 X 112 represent? O a. The interest paid in the second year. O b. Nothing. This expression is complete nonsense. O c. The interest component of the 12th repayment. O d. The interest component of the 13th repayment