Question
Prepayment Penalty.How does a prepayment penalty impact your decision to pay a loan off early? Some loans:(Select the best answer below.) A. may not charge
Prepayment Penalty.How does a prepayment penalty impact your decision to pay a loan off early?
Some loans:(Select the best answer below.)
A.
may not charge a penalty if you opt to pay the loan off early. This may increase the amount needed to repay the loan, and you may be better off to continue your current repayment schedule.
B.
may charge a penalty if you opt to pay the loan off early. This fee may increase the amount needed to repay the loan, and you may be better off to continue your current repayment schedule.
C.
may charge a penalty if you opt to pay the loan off early. This fee may decrease the amount needed to repay the loan, but you may be better off to continue your current repayment schedule.
D.
may charge a penalty if you opt to pay the loan off late. This fee may increase the amount needed to repay the loan, and you may be better off to continue your current repayment schedule.
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
