lbt21000 lbt21000

29-09-2016
Mathematics

contestada

What is a fixed percent of the principal

Respuesta :

Manuel45 Manuel45

13-02-2017

Fixed Percent rate does not change in the life of the loan or investment. A fixed percentage rate is more stable because you will always know how much your payment will be.

It could also be called simple interest.
hope that helped? :)

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