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 to this is option A! :)
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Answer:
(B) Slavery, banned by the Mexican constitution, must not be practised.
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Answer:
Napoleon was a cunning, ruthless, and a skilled military strategist who effectively declared war against numerous coalitions of European nations and extended his empire.
Explanation:
Napoleon Bonaparte, born in 1769, was a French military and political leader who rose to power during the French revolution. He crowned himself emperor in 1804, after securing political authority in France in a coup d'état in 1799. From his most great accomplishments, one was the Napoleonic Code, which has standardized the French legal system. It systemized to civil code including subjects such as colonial relations, property, family, and human rights. On 21 October 1805, the Battle Of Trafalgar contested along the coast of southwest Spain between Britain's Royal Navy and Napoleonic France and Spain's combined fleets. the victory of the Royal Navy halted ambitious France under Napolean.
