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Which one of the following is TRUE about prepayment penalties? Multiple Choice They are 5 b included in the APR calculation. They are equivalent to
Which one of the following is TRUE about prepayment penalties?
Multiple Choice
They are 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.
They are never used with residential mortgages.
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The Idea On Cryptocurrencies
Authors: Lida Navejar
1st Edition
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