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 main items traded were gold and salt. The gold mines of West Africa provided great wealth to West African Empires such as Ghana and Mali. Other items that were commonly traded included ivory, kola nuts, cloth, slaves, metal goods, and beads.
Answer:
Cambrian
Explanation:
The earliest ancestors of about half of all extant animal phyla can be traced back to the CAMBRIAN explosion.
The correct answer is D. Leonardo da Vinci
Da Vinci was the artists who made a lot of sketches of different things.
Answer:
I don´t know what marshall plan lol u need to explain
Explanation:
