Which type of interest does not change over the life of a loan?
Principal interest
Fixed interest
Variable interest
Annual percentage rate

Question

01-06-2022
Business

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Which type of interest does not change over the life of a loan?
Principal interest
Fixed interest
Variable interest
Annual percentage rate

Sagot :

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nicoleespam nicoleespam · Answer 1 · 2022-06-01T21:26:35-04:00

nicoleespam nicoleespam

01-06-2022

Answer:

Fixed interest

Explanation:

A fixed-rate mortgage charges a set rate of interest that does not change throughout the life of the loan. You'll know exactly how much each monthly payment will be, as well as how much it will cost you overall to pay off the loan based on that rate.

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