Mathematics, 10.06.2021 22:30 hePandaKing6909
The seller was told by the bank that she has a prepayment penalty due at the time of closing. the penalty is 6 months' interest on the current loan balance. based on 6% interest, her monthly payment is $569.57 principal and interest and her loan balance was $95,000 the month before closing. once she makes her next monthly payment, how much will she owe in prepayment penalty at the time of closing?
A. $1,239.58
B. $1,987.34
C. $2,847.16
D. $5,694.33
Answers: 3
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The seller was told by the bank that she has a prepayment penalty due at the time of closing. the pe...
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