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Which one of the following is TRUE about prepayment penalties? Multiple Choice They are never used with residential mortgages. They are not included in the
Which one of the following is TRUE about prepayment penalties?
Multiple Choice
They are never used with residential mortgages.
They are not included in the APR calculation.
They are equivalent to charging additional points for the loan.
They lower the effective cost if the loan is repaid before maturity.
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Pricing In General Insurance
Authors: Pietro Parodi
2nd Edition
0367769034,1000860833
