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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

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User User Not Found
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8.1k points

2 Answers

1 vote
The answer would b 600
answered
User Killrazor
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8.4k points
5 votes
The answer here is B. $600 hope I helped!
answered
User Hannele
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9.1k points
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