One bank offers a 4% variable rate loan, while a competitor offers a 3% fixed rate loan over the same period. Assuming no other differences between the loans, a customer should choose the fixed rate loan because
A) the interest rate is higher and guaranteed to increase
B) the interest rate is higher but will not increase
C) the interest rate is lower and will not increase
D) the interest rate is lower but is likely to increase
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “One bank offers a 4% variable rate loan, while a competitor offers a 3% fixed rate loan over the same period. Assuming no other differences ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
true or false - during the middle ages life was scary and dangerous. the only light in the darkness was religion
Answers (2)
Jacques Cartier sailed to the New World in 1534 in search of B) A northwest passage to China C) Montreal D) The gulf of st. Lawrence
Answers (1)
In the article, the author discussed the difficulty that the United Nations had in drafting a definition of terrorism. Why was there so much disagreement on the issue?
Answers (2)
How did technological innovations influence the Industrial Revolution?
Answers (1)
Select the correct answer from each drop-down menu. The banned former Confederate officials from holding any position in state or federal office. It stated that an official was required to gain a favorable vote in Congress to requalify for office.
Answers (2)
New Questions in History
What finally ended the Salem witch trials
Answers (2)
How did scientists such as Copernicus's and Galileo change the way people viewed the universe in the 1500s and 1600s
Answers (2)
What will be the next year represented by the dragon?
Answers (2)
God, gold, and glory were three reasons for exploration. which of these might motivate you to go exploring?
Answers (2)
How did camels affect West African trade? A. They ran faster than horses. B. Their milk was a valuable commodity C. They were not as strong as donkeys. D. They made long caravan journeys in the desert possible.
Answers (2)