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GoodMad_ GoodMad_
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7 years ago
The acceleration clause in a loan agreement allows the lender to
A) collect the entire unpaid balance immediately if you miss a payment.
B) step up your monthly payments from, say, $100 a month to $150 to have the loan repaid more rapidly.
C) add on new collateral to an existing installment loan.
D) collect all unpaid interest immediately if you miss a payment.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
Author:
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imoyseimoyse
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GoodMad_ Author
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