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.
<span>It was not an actual railroad. It was a network of houses and buildings that were used to help slaves escape from the South to freedom in the Northern states or Canada.</span>
Answer:
The Age of Enlightenment
Explanation:
The Age of Enlightenment was a period philosophical and intellectual movements. It is most popularly known as the Age of Reason or the Enlightenment period. This period showed the movement of reforms and intellects which dominated the world around 17th and 18th centuries.
This period first witnessed many powerful writers such as Voltaire, Locke and Rousseau who proclaimed the power of individual to enjoy the human rights. They argued the use of reason in solving problems and also believed in the progress of the man.
In this period, the Western people noted and expressed the Universal Declaration of the Human Rights in the written form.
Answer:it was a turning point in war in general
Explanation: wwi was where the idea of trench warfare was introduced so neither side could advance on another
