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.
When would fit the answer
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Answer: The Seminole Wars
The best and most correct answer among the choices provided by the question is the first choice "Innocent people should not be denied guns just because criminals use them illegally."
Under this "individual right theory<span>," the United States Constitution restricts legislative bodies from prohibiting firearm possession, or at the very least, the Amendment renders prohibitory and restrictive regulation presumptively unconstitutional.</span>
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<span>In the Dutch economy
during the early 1600s, industrial revolution, agricultural revolution, and the
reclamation of land from sea, helped it to achieve the greater standard in
Europe. In Spanish economy While in
Spanish economy, there is a failure during this era because of the inefficient
taxation, weak kings, and the focus on American colonies.</span>
