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:
all of them carry important values
Explanation:
trade is applicable for all scenarios. we all have problem at least in our life and we need others support so above mentioned scenarios are not redundancy trading.
What did the populist party want?
There were a few things hat the populist party wanted. The itemsthat the party wanted were, a secret ballot, an election forsenators, an income tax, to oppose legislature votes, free coinageof silver, farmers to get the money back that they paid on loans,and the railroad system, telephone system, and telegraph system tobe owned by the public.
