Which one of the following statements is correct? Multiple Choice An amortized loan requires the principal amount to be repaid in only equal amounts every period. Perpetuities are finite but annuites are not Lenders have to disclose the effective annual rates by low and when comparing loans you should compore APR (onnel percentage rate) Pure discount loan requires borrower to repay the money received today in equal principal payments every period during life of the loan interest-only loan calls for interest payment each period and no lump sum principle payment A decrease in a positive discount role increases the present value