Answered

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Which is true of variable-rate loans?
O The rate can only go up.
O The rate can only go down.
O The rate can go up or down, depending upon the index it is tied too.
O The interest rate can fall below 0.

Which statement is true about principal?
OIt is a percentage of the amount you borrow over time.
OIt is a simple way to compare all the various elements of different loans.
OIt is everything you pay in addition to repaying the amount you borrow.
OIt is the amount you borrow.

Sagot :

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