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Social Studies, 12.01.2020 19:31 heybrothwrlogan

One bank offers a 2% variable rate loan, while a competitor offers a 3% fixed rate loan over the same period. it is likely better to choose the fixed rate loan, even though the interest rate is higher, because the rate on the

fixed loan is open to fluctuation
variable loan appears less attractive
variable loan can increase dramatically
variable loan will never increase

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