A company that has its loans serviced, for whatever reason, is usually charged a servicer's fee. This fee is usually expressed:
A) As an annual fraction of a percentage of each interest payment
B) As an annual fraction of a percent of the principal balance of the loans or based on a percentage of each interest payment
C) As a monthly fraction of a percent of the principal balance of the loans or based on a percentage of each interest payment
D) As a monthly fraction of a percentage of each interest payment
Correct Answer:
Verified
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