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.

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3 years ago

The British army responded to the colonial victory at Trenton by

Kipish [7]

Answer: The correct answer would be : "A. recapturing the town."

I hope that this helps you !

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3 years ago

Read 2 more answers

The Hebrews originally migrated from __________.

allsm [11]

Answer:

"Mesopotamia".

Explanation:

They first appeared in Mesopotamia in 1900 but later they migrated into Egypt in around 1500 BC.

Hebrew was believed to be the soldiers of God.

As Hebrew migrated into Egypt after some period of origination in Mesopotamia hence they are originally from Mesopotamia though they settled themselves in Egypt in around 1500 BC.

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3 years ago