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Which one of the following is TRUE about prepayment penalties? Group of answer choices They are never used with residential mortgages They are equivalent to
Which one of the following is TRUE about prepayment penalties?
Group of answer choices
They are never used with residential mortgages
They are equivalent to charging additional points for the loan
They lower the effective cost if the loan is repaid before maturity
They are not included in the APR calculation
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Financial Modeling An Introductory Guide To Excel And VBA Applications In Finance
Authors: Joachim Häcker, Dietmar Ernst
1st Edition
1137426578, 978-1137426574
