History, 20.12.2019 20:31 caveman171
For a fixed-rate loan, the interest rate remains the same throughout the life of the loan. for a variable-rate loan, the interest rate changes based on
a.
the time of year.
b.
an index interest rate set by state governments.
c.
an index interest rate set by individual banks.
d.
the income of the borrower.
Answers: 3
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For a fixed-rate loan, the interest rate remains the same throughout the life of the loan. for a var...
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