Which One of the Following Is TRUE About Prepayment Penalties

question 2

Multiple Choice

Which one of the following is TRUE about Prepayment penalties:

• A) They are never used with residential mortgages
• B) They lower the effective cost if the loan is repaid before maturity
• C) They are equivalent to charging additional points for the loan
• D) They are not included in the APR calculation

Recognize the significance of systems thinking in evaluating and understanding sustainability.

Identify innovative strategies and practices for achieving sustainability in various industries.

Analyze the impact of green chemistry on reducing environmental footprints in manufacturing processes.

Understand the importance of building strong and weak ties for promoting sustainable practices.

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Definitions:

WPPSI-R

The Wechsler Preschool and Primary Scale of Intelligence-Revised, a standardized test designed to measure the intellectual functioning of children aged 2 years and 6 months to 7 years and 7 months.

Mental Age

A concept used to describe the level of intellectual development as measured by standardized tests compared to an individual's chronological age.

IQ

stands for Intelligence Quotient, a measure of a person's intellectual abilities relative to others, based on performance on standardized tests.

Consistent

Showing steady and uniform characteristics or behavior over a period of time, lacking any significant variation.