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.
The answer is B. You're welcome.
There were nine major crusades
One feature that helped the U.S. grow in industry was the inovation.
I believe the power was separated so that no one group of people had to much power. It is the basic gest of why we separate a lot of things so that everyone has equality and all power is not going to one person or group who does things in favor of another person or group. The power was then distributed so each branch could help keep the other branch from becoming power hungry and unsociable power feigns.
