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 A ......................
<u>The correct answer is: he went from Arkansas post to Fort Smith in 1818</u>. His first contact with the frontier occurred during a mineralogical journey through Arkansas in 1817 and 1818. Schoolcraft is known for its discovery of the source of the Mississippi River. He was a geographer, ethnologist and geologist.
The best answer among the following choices should be B) aka the second option because most people back than migrated west to have their own lands/properties without taxes/conflicts with others, so they wanted their own personal property without the government involved.
I think it's B. A reason to go to a place.
