A Prepayment Penalty in a Mortgage Has the Effect of ________

question 25

Multiple Choice

A prepayment penalty in a mortgage has the effect of ________ the APR.

• A) increasing
• B) decreasing
• C) doesn't affect
• D) cannot determine the effect

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Definitions:

Persuade

The process of persuading someone to believe in something or take action using logical reasoning or debate.

Collaborate

To work jointly with others or together, especially in an intellectual endeavor.

Communication Situation

The context or environment in which information is exchanged between communicators, including factors like medium, participants, and purpose.

Recipients

Individuals or entities that receive something, such as a message, email, award, or payment.