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What happens if you pay off an installment loan early? Question options: You'll incur a prepayment fee. The full interest will be charged regardless of when you pay off the loan. The interest will be adjusted
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1 vote
What happens if you pay off an installment loan early?

Question options:

You'll incur a prepayment fee.

The full interest will be charged regardless of when you pay off the loan.

The interest will be adjusted accordingly.

The interest will be doubled.

User Izzy
by
8.5k points

2 Answers

3 votes

Answer:

the answer is C

Step-by-step explanation:

i took the test

User Shubham R
by
8.1k points
6 votes

Answer:

the prepayment fee is wrong

Step-by-step explanation:

it is probably B

User Akela
by
9.2k points
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