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24 January, 22:49

What is a fixed rate?

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Answers (2)
  1. 24 January, 22:57
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    a fixed rate is a bank or credit card loan where the interest rate stays the same throughout the life of the loan
  2. 24 January, 23:07
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    A fixed rate can apply to tax, credit, interest or a payment.

    A fixed rate for example can be 2.5%. You will pay a fixed (total, flat) rate of 2.5% for your $100 credit line.
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