Imagine a hypothetical case in which every other term (maturity date, interest rate, loan amount, etc.) was identical and the only difference is in the amortization schedules. Select the answer that orders the loans from the lowest monthly payment to the highest monthly payment.
1. Partially amortizing, fully amortizing, interest only, negatively amortizing
2. Negatively amortizing, interest only, partially amortizing, fully amortizing
3. Negatively amortizing, partially amortizing, fully amortizing, interest only
4. Fully amortizing, interest only, partially amortizing, negatively amortizing