Which of the following statements about the relationship between the interest rate on a loan and the loan amount is correct? Select one: O a. All else equal, the lower the APR on mortgage loan, the larger amount of money you can borrow while making the same loan payment each month. O b. All else equal, the lower the APR on mortgage loan, the longer it takes to pay off the loan while making the same loan payment each month. O c. All else equal, the higher the APR on mortgage loan, the larger amount of money you can borrow while making the same loan payment each month. O d. All else equal, the lower the APR on mortgage loan, the lower amount of money you can borrow while making the same loan payment each month. Which of the following statements about different types of loan are NOT correct? 1. If the loan is amortized, the proportion of principal paid in the loan payment will increase over time. II. If the loan is amortized, the loan payment amount each period will declines over time. III. If the loan is interest-only, the loan principal will not be paid until maturity. IV. T-bill and zero coupon bond are example of pure discount loan V. The total interest over the life of loan is smaller for an interest-only than that of an otherwise equivalent amortized loan Select one: O a. II, III O b. I, II, IV c. II and V O d. I, III, V O e. III, v