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Which of the following statements is true in relation to a principal and interest loan: a. extending the loan term would result in higher monthly

Which of the following statements is true in relation to a principal and interest loan:

	a.	extending the loan term would result in higher monthly repayments.
	b.	they are also known as balloon loans.
	c.	the proportion of principal and interest changes each month.
	d.	interest rates are typically higher than for interest-only loans.

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