paying off a loan balance early:\na. will always save borrowers some money.\nb. can save money if there is…

paying off a loan balance early:\na. will always save borrowers some money.\nb. can save money if there is no pre - payment penalty.\nc. is never a good idea because of high fees.\nd. is always a good idea if you can afford it.

paying off a loan balance early:\na. will always save borrowers some money.\nb. can save money if there is no pre - payment penalty.\nc. is never a good idea because of high fees.\nd. is always a good idea if you can afford it.

Answer

Brief Explanations:

If there are no prepayment penalties, paying off a loan balance early can save on interest payments. High fees are not always associated with early - loan payoff, and it's not always a good idea if it strains one's finances.

Answer:

B. Can save money if there is no prepayment penalty.