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Calculate the prepayment penalty ( greater of three months interest or interest rate differential ( A + B - C ) we have discussed in
Calculate the prepayment penalty greater of three months interest or interest rate differential ABC we have discussed in class. this is just a review question!
Initial loan terms:
monthly interest rate:
Amortization: months
Term of loan: months
Loan amount: $
Date of prepayment: immediately following th payent
Penalty calculation monthly rate:
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