A bank offers a credit plan that lists 2% interest for the first year of a loan. If a customer takes the loan and 16 years later

Question

3 years ago

5

A bank offers a credit plan that lists 2% interest for the first year of a loan. If a customer takes the loan and 16 years later

the rate for this loan is still 2%, the loan likely has a(n)
a-adjustable rate
b- credit limit
c-down payment
d-fixed rate

Physics

1 answer:

Bumek [7] · Answer 1 · 2022-09-05T21:26:39+03:00

Bumek [7]3 years ago

8 0

If the interest rate hasn't changed over the course of 16 years,
then that's pretty convincing evidence to suggest that the loan
has an fixed rate.