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If a Loan Has a Prepayment Penalty,there Will Be

Question 27

Multiple Choice

If a loan has a prepayment penalty,there will be:


A) no additional cost to repay the loan early.
B) an additional cost to repay the loan early.
C) an additional cost to repay the loan if the borrower has defaulted any monthly payment.
D) an additional cost to repay the loan if the loan is not repaid before the loan maturity.
E) no additional cost to repay the loan early only if the loan is prepaid 3 months before the loan maturity.

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