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Social Studies, 12.01.2020 19:31 heybrothwrlogan
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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One bank offers a 2% variable rate loan, while a competitor offers a 3% fixed rate loan over the sam...
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