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 the time of year.
Answer: Option A
<u>Explanation:</u>
Loan rates are classified into two types: Fixed and Variable. In Fixed loan rates the interest rate prevails the same throughout the loan's life. Variable loan rates are also called floating loan rates. This interest rate will oscillate based on the outstanding balance as well as market rates.
These rates will be changed periodically like monthly, quarterly, half-yearly or annual basis. Comparing to the fixed rate, it is harder to estimate the interest rate for the borrowers. It can be increased or even decreased based on the loan's life.
1960 saw the publication of the headline, "African Freedom Spreads: Congo, Kenya, and Algeria Achieve Independence."
<h3>
How did African Freedom Spreads fare?</h3>
- The African Independence Movements died off throughout the 20th century, however there was a surge of independence movements in African nations that were ruled by Europeans.
- Between 1952 to 1960, Kenya, which was heavily influenced by the British, saw an uprising against their colonial control.
- With the help of members of the Kikuyu ethnic group, as well as a smaller number of Embu and Meru, the rise's midsection is formed.
- Between 1952 to 1960, Kenya, which was heavily influenced by the British, saw an uprising against their colonial control.
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The Tet offensive altered public opinion of the war because the "<span>(B) U.S. suffered heavy losses". Although it ended with a US and South Vietnamese victory, many Americans grew wary of the costs. </span>
In turn, the Enlightenment<span> ideals of liberty, equality, and justice helped to create the ... Where </span>did<span> this democratic tradition truly begin? ... The ideas of 18th-century philosophes inspired the </span>Founding Fathers<span> to revolt against what ... The single most important </span>influence<span> that shaped the founding of the</span>United States<span> comes from </span>
The Japanese attack on Nanjing also known as the Nanjing massacre or Rape of Nanjing. Between 20,000 and 8,000 women were sexually assaulted and people killed
