What is a fixed percent of the principal?

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20-10-2014
Mathematics

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What is a fixed percent of the principal?

Sagot :

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scorp111786 scorp111786 · Answer 1 · 2014-10-20T22:48:09-04:00

scorp111786 scorp111786

20-10-2014

Fixed Percent rate does not change in the life of the loan or investment. A fixed percentage rate is more stable because you will always know how much your payment will be.

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