Question

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

Answer 1

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

Answer 2

Answer:

The answer should be A (The student)