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In Business / High School | 2025-07-07

Which two statements describe fixed rates?
A. Keeps monthly payments the same over the term of the loan
B. Is affected by indexes, like the U.S. Treasury bill rate
C. Changes based on market conditions
D. Remains consistent when indexes change
E. Includes a fixed percentage or spread as part of its calculation

Asked by kendallscalese

Answer (2)

Fixed rates keep monthly payments consistent throughout the loan term and remain unaffected when indexes change. This predictability is beneficial for financial planning. Key characteristics of fixed rates include their stability and lack of vulnerability to market fluctuations. ;

Answered by GinnyAnswer | 2025-07-07

The two characteristics of fixed rates are that they keep monthly payments the same over the term of the loan and remain consistent when indexes change. This provides predictability and stability for borrowers. Therefore, the chosen options are A and D.
;

Answered by Anonymous | 2025-08-20

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