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Eieio Eieio
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11 months ago
Variable-rate loans usually carry lower initial interest rates than fixed-rate loans because the

▸ borrower does not have the option of early payment of the loan.

▸ lender does not have the option of raising the rate.

▸ lender has the option of raising the rate later.

▸ borrower may not receive a lower rate in the future.
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Personal Finance

Personal Finance


Edition: 2nd
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crwille78crwille78
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11 months ago
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Eieio Author
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11 months ago
Thanks for your help!!
gma_of_7
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Yesterday
Thanks
avance37
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2 hours ago
This helped my grade so much Perfect
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