one advantage of a fixed interest rate over a variable rate is that a fixed rate
A. Makes it easier to budget
B. allows debt to be paid off faster
C. will decrease if the market rates go down
D. is usually lower at first

Question

21-06-2022
Business

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one advantage of a fixed interest rate over a variable rate is that a fixed rate
A. Makes it easier to budget
B. allows debt to be paid off faster
C. will decrease if the market rates go down
D. is usually lower at first

Respuesta :

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rahulsharma789888 rahulsharma789888 · Answer 1 · 2022-06-23T03:56:57+02:00

Fixed rates have the advantage over variable rates in that debt may be readily repaid within the allotted time. Hence, choice B

What is a fixed and variable rate?

Loans with fixed interest rates have an interest rate that will not change throughout the loan's term, regardless of changes in market interest rates. A loan with a variable interest rate is one in which the interest rate imposed on the outstanding balance changes in accordance with changes in the market interest rates.

Therefore, the benefit of fixed rate versus variable rate is that it enables speedier debt repayment.

Learn more about interest rates:

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one advantage of a fixed interest rate over a variable rate is that a fixed rate A. Makes it easier to budget B. allows debt to be paid off faster C. will decrease if the market rates go down D. is usually lower at first

Respuesta :

What is a fixed and variable rate?

Otras preguntas

one advantage of a fixed interest rate over a variable rate is that a fixed rate
A. Makes it easier to budget
B. allows debt to be paid off faster
C. will decrease if the market rates go down
D. is usually lower at first