Select the statement that is true about the relationship between the interest rate, the principal, the loan repayment period, and the total cost of the loan.
a. The shorter the loan repayment period, the higher the total cost of the loan.
b. The higher the principal the interest rate, the longer the loan repayment period.
c. The longer the loan repayment period, the higher the total cost of the loan.
d. The higher the interest rate, the longer the loan repayment period.
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