Question: Assuming all contract rates equal, the effective interest rate on a loan is highest when? a. Points are charged and the loan has a 30

Assuming all contract rates equal, the effective interest rate on a

Assuming all contract rates equal, the effective interest rate on a loan is highest when? a. Points are charged and the loan has a 30 year maturity but prepaid in five years b. Points are charged and the loan is paid off at maturity in 30 years C. The loan has no points and a 30 year maturity and is prepaid in five years d. The loan has no points and is paid off at maturity in 30 years

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