Answered: If an installment loan is paid in full…

If an installment loan is paid in full before the maturity date, the full amount of interest on the loan must still be paid. O False O True

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter9: Obtaining Affordable Housing

Section9.4: Financing A Home

Problem 1CC

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If an installment loan is paid in full before the maturity date, the full amount of interest on the loan must still be paid.
False
O True

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