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.
Answer:
is it this?
Explanation:President Lincoln's Ten Percent Plan was intended to quickly readmit Southern states back into the Union without malice. As long as 10% of a state's voters swore an oath of allegiance to the United States, they could form a new government.
The fourteen points speech of president Woodrow Wilson was an addres delivered before a joint meeting a congress on january 8, 1918, during wihch Wilson outlined his vision for a stable,long lasting peace in Europe,the americans and the rest of the world following world war I
Nikolai Novikov was the Soviet Ambassador to the United States in 1946-1947 and he prepared his telegram for Stalin and Molotov.
yes they believed they were not getting everything that they deserved they believed they were being mistreated in many ways like not enough food and money and the working conditions were unbarable