1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vinvika [58]
3 years ago
9

For a fixed-rate loan, the interest rate remains the same throughout the life of the loan. For a variable-rate loan, the interes

t 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.
History
1 answer:
Ostrovityanka [42]3 years ago
4 0

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.  

You might be interested in
What were bread lines diring the great depression?
DerKrebs [107]

I think it was when people would line up at soup kitchens because when people lost their jobs, they didn't have money to buy food. Someone please tell me if I'm wrong.


5 0
3 years ago
Read 2 more answers
Help asap! what is the best definition for nationalism?
disa [49]

Answer:

Loyalty and devotion to a nation especially

Explanation:

7 0
3 years ago
Read 2 more answers
If I fail this text I fail my class :(<br><br> There are 3 question left please help me
Lelu [443]

Answer and Explanation:

<u>The answer is All of the Above.</u>

--

In early 1915, Germany introduced a policy of unrestricted submarine warfare in the Atlantic. This meant U-Boats were hunting and sinking merchant shipping without warning. The RMS Lusitania left New York on 1st May, 1915, bound for Liverpool. On 7th May it was spotted off the coast of Ireland by U-20 and torpedoed. Of 1,962 passengers, 1,198 lost their lives. Among the dead were 128 Americans, causing widespread outrage in the US.

--

In January 1917, the German diplomatic representative in Mexico received a secret telegram penned by German Foreign Secretary Arthur Zimmermann. It proposed a secret alliance between Germany and Mexico, should the United States enter the war. If the Central Powers were to win, Mexico would be free to annex territory in New Mexico, Texas and Arizona. Unfortunately for Germany, the telegram was intercepted by the British and decrypted by Room 40. The British passed the document to Washington and it appeared on the front page of American newspapers on 1st March.

This combination of factors turned public opinion around. On 6 April, the United States declared war on Germany and began to mobilize. The first American troops arrived in Europe in June.

--

Germany resumed unrestricted submarine warfare in 1917. Knowing they risked provoking the United States into joining the war, Germany gambled on defeating the British before the US had a chance to mobilize. During February and March, several US cargo vessels were sunk without warning, resulting in the United States severing diplomatic ties with Berlin.

<em><u>#teamtrees #PAW (Plant And Water)</u></em>

4 0
3 years ago
Read 2 more answers
How did president eisenhower defend his position for sending advisers to vietnam
Margaret [11]
Eisenhower believed that it was very important to keep a non-Communist government in Vietnam. It was believed by many at that time that Communists all over the world were united in a international conspiracy and their plan was to topple non-communist governments one by one until they achieved world wide domination.
6 0
2 years ago
The republican national committee publishes a monthly digest of information for republicans called?
Firdavs [7]
The Republican National Committee publishes a monthly digest of information for Republicans called The Republican. On the other hand, a monthly digest of information for democrats is called the Democrats Digest. Hope this answers your question. Have a great day!
6 0
3 years ago
Read 2 more answers
Other questions:
  • Why did Andrew Johnson refuse to grant additional rights to African Americans?
    11·1 answer
  • What poetic device is illustrated by the line .. All night long , by the fire fly lamp
    14·2 answers
  • How did changes to the voting process affect voter participation?
    7·2 answers
  • 11. Latin American citizens face some problems because of illegal drug trade in their countries. What might they do to escape th
    8·1 answer
  • Technology developed for military vehicles was used after World War II ended to:
    14·1 answer
  • HELP PLEASE 54 POINTS<br>JUST ANSWERS PLEASE
    10·1 answer
  • *WILL GIVE BRAINLIEST IF YOU ANSWER CORRECTLY AND SOLVE MY RIDDLE!*
    9·2 answers
  • Why does the Missouri Compromise lead to the Civil War?
    7·1 answer
  • What was the purpose of Blackstone's Commentaries on the Laws of England
    14·1 answer
  • In one or two paragraphs, discuss how major political ideas, including the laws of nature and nature’s God are articulated by Th
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!