Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Loans
Risks
Discuss one of the risks of a variable rate loan.
1 answer
If interest rates rise, you're stuck with a larger bill.
You can
ask a new question
or
answer this question
.
Related Questions
A $9,000 loan is to be repaid in three equal payments occurring 60, 180, and 300 days, respectively, after the date of the loan.
TJ had a car loan for $5800. Over the course of the loan, he paid a total of $1508 in interest at a rate of 6.5%. Over how many
The balance on a car loan after 4 years is $8,996.32. The interest rate is 5.6% compounding annually. What was the initial value
Aaron needs a $7,500 loan in order to buy a car. Which loan option would allow him to pay the least amount of interest?
An
Which is true of variable-rate loans?(1 point)
Responses The rate can go up or down, depending upon the index it is tied too. The
Discuss one of the risks of a variable rate loan. What is your experience with this type of loan? Under what circumstances would
Discuss one of the risks of a variable rate loan.
What kind of information does an amortization loan schedule provide?
(1 point) Responses the variable interest rate the variable
Payments of $1,800 and $2,400 were made on a $10,000 variable-rate loan 18 and 30 months after the date of the loan. The
Payments of $1800 and $2400 weere made on a $10,000 variable-rate loan 18 and 30 months after the date of the loan. The interest
