Which of the following statements about loans istrue?

Assuming you do not pay any extra principal during a typical 30-year home mortgage, your debt will be cut in half after 15 years have passed.

A five-year carloan will have a higher monthly payment than a three-year car loan, if the amount borrowed and the APR are the same for both loans.

With a fixed-rate car loan, the amount of interest you pay each month is constant.

Extra principal payments to reduce debt on a home loan will have a greater impact if made early in the life of the loan rather than late.