god1630 god1630

02-06-2022
Business

contestada

Which type of interest does not change over the life of a loan?
Principal interest
Fixed interest
Variable interest
Annual percentage rate

Respuesta :

nicoleespam nicoleespam

02-06-2022

Answer:

Fixed interest

Explanation:

A fixed-rate mortgage charges a set rate of interest that does not change throughout the life of the loan. You'll know exactly how much each monthly payment will be, as well as how much it will cost you overall to pay off the loan based on that rate.

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