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29 January, 00:14

A bank offers a credit plan that lists 2% interest for the first year of a loan. If a customer takes the loan and 16 years later the rate for this loan is still 2%, the loan likely has a (n)

a-adjustable rate

b - credit limit

c-down payment

d-fixed rate

Answers (1)
  1. J
    29 January, 03:07
    0
    If the interest rate hasn't changed over the course of 16 years,

    then that's pretty convincing evidence to suggest that the loan

    has an fixed rate.
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