mariahhmariee mariahhmariee

22-06-2016
Physics

Answered

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

Verified Answer :

22-06-2016

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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