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What would be most likely to have a variable interest rate attached to?
Wiki User
∙ 11y ago
Private student loan
Wiki User
∙ 11y ago
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Which of these people repaid his loan at a variable interest rate?
Gary, who paid $37 each month for the first six months and $67 for the next six months, would have paid his loan at a variable interest rate.
What lender would most likely charge you the highest interest rate on your loan?
finance company
Is a fixed interest rate loan better than a variable interest rate loan?
In my own opinion yes, but this is because interest rates have been ridiculously low and I'd want to lock down terms going forward. The risk of a variable interest or balloon loan is that your payments can go up and down, and if interest rates go up then your payments could be much more than you're paying now. This creates serious problems for consumers who can afford paymets during low interest periods and are not prepared for larger payments when interest rates go up. If you're a gambling person, you can consider a variable interest rate, but with current rates so low I would suggest your locking in for long-term contracts.
What would be the benefit of consolidating your private and federal student loans?
One benefit of consolidating your private and federal student loans is that it would lower your monthly payments. Another benefit of consolidating student loans is that the variable interest rate on the loan can be switched to a fixed interest rate.
What would most likely lead to a higher level of interest rates in the economy?
the level of inflation begins to decline
How do you convert a variable interest rate to fixed?
If you want a variable interest rate to fixed, refinancing your home would be the way you can accomplish this. Variable rate also known as an adjustable rate mortgage should be refinanced before your interest rate adjust.
What does a variable interest rate on my current bank account imply?
A variable interest rate on a current bank account would imply that the interest rate fluctuates over time. Market conditions will determine the value of the interest earned.
In which situation would you most likely factor out -1 from a trinomial?
If the coefficient of the highest power of a variable of interest is negative.
Which of these people repaid his loan at a variable interest rate?
Gary, who paid $37 each month for the first six months and $67 for the next six months, would have paid his loan at a variable interest rate.
Are fixed or variable interest rates for mortgages better?
For the average person, a fixed mortgage is better because you can budget for the same mortgage payment for the term or length of the mortgage. The only change would be if your insurance or taxes would go up. With variable interest rate, your mortgage could increase every year due to the increased interest rate.
What would most likely interest environmental scientists?
There are a number of things that would most likely interest an environmental scientist. This will be anything that has to do with the environment and the various things that affect it.A+ water pollutionwater pollution
What type of interest group would most likely be concerned with a law that regulates working conditions?
labor interest group
What would most likely enhance the cohesiveness of a public interest group?
PIE
Which weather variable would most likely decrease ahead of an approaching storm system?
Air pressure
Which of the following would be a likely result if interest rates are high?
People would save more money.
What type of interest group would most likely be concerned with government protection of wheat prices?
Agricultural Interest Group <3krystal
Which type of interest group would most likely be concerned if the government was going to raise taxes on corporations?
business interest group
