Who would benefit most from obtaining a loan with a fixed interest rate? A. A student seeking a credit card to use for daily exp

Question

2 years ago

7

Who would benefit most from obtaining a loan with a fixed interest rate? A. A student seeking a credit card to use for daily exp

enses who plans to pay off the balance each month. B. A contractor seeking a mortgage on a home that he plans to "flip", or renovate to sell, within 18 months. C. A business owner seeking a short-term loan to cover emergency expenses who expects to pay it off quickly D. A married couple seeking a 30-year mortgage for a house that they plan to live in for a long time.

Mathematics

2 answers:

ohaa [14] · Answer 1 · 2023-01-21T09:04:10+03:00

ohaa [14]2 years ago

7 0

Answer: Installment Credit

Step-by-step explanation: Installment credit is a type of credit for a fixed sum to be repaid in instalments e.g student loans

Nonamiya [84] · Answer 2 · 2023-01-21T11:30:38+03:00

Nonamiya [84]2 years ago

3 0

Answer:

The answer should be A (The student)