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14 August, 16:44

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.

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Answers (2)
  1. 14 August, 16:57
    0
    the prepayment fee is wrong

    Explanation:

    it is probably B
  2. 14 August, 17:09
    0
    You'll incur a prepayment fee
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