What Does It Mean If a Loan Has a Variable

question 30

Multiple Choice

What does it mean if a loan has a variable interest rate?

• A) The rate will steadily rise over the life of the loan.
• B) The rate will steadily fall over the life of the loan.
• C) The rate can rise and fall over the life of the loan.
• D) The rate will remain constant for the life of the loan.

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Definitions:

Ethane

A simple alkane with the chemical formula C2H6, consisting of two carbon atoms single-bonded to each other and to hydrogen atoms.

Atomic Orbitals

Formulas that represent the oscillatory nature of electrons in atoms.

Acetaldehyde

Acetaldehyde is a volatile, colorless, and flammable liquid compound (CH3CHO), used in the synthesis of various chemicals and as a flavoring agent, and is a byproduct of alcohol metabolism.

Carbon-oxygen

Refers to a chemical bond or functional group involving a carbon atom and an oxygen atom.