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If you had a loan for $30,000 at an annual interest rate of 8 percent with a 90-day interest prepayment penalty, what would be the amount of your penalty? a. $200 b. $600

If you had a loan for $30,000 at an annual interest rate of 8 percent with a 90-day interest prepayment penalty, what would be the amount of your penalty? a. $200 b. $600
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If you had a loan for $30,000 at an annual interest rate of 8 percent with a 90-day interest prepayment penalty, what would be the amount of your penalty?

a. $200
b. $600

User User Not Found
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2 Answers

1 vote
The answer would b 600
User Killrazor
by
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5 votes
The answer here is B. $600 hope I helped!
User Hannele
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