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9 June, 12:24

One bank offers a 2% variable rate loan, while a competitor offers a 3% fixed rate loan over the same period. It is likely better to choose the fixed rate loan, even though the interest rate is higher, because the rate on the

fixed loan is open to fluctuation

variable loan appears less attractive

variable loan can increase dramatically

variable loan will never increase

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  1. 9 June, 12:38
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    A. fixed loan is open to fluctuation
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