Which of the Following Statements Is FALSE If You Increase

question 84

Multiple Choice

Which of the following statements is FALSE if you increase your monthly payment above the required loan payment?

• A)The extra portion of the payment goes to the principal.
• B)You can significantly decrease the number of payments needed to pay off the loan.
• C)The extra portion of the payment increases the principal.
• D)Besides lowering the principal,you can significantly reduce the number of payments needed to pay off the loan.

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