Chuck Spencer Wants to Borrow Money for Three Years to Purchase

question 8

Multiple Choice

Chuck Spencer wants to borrow money for three years to purchase a new car. He has been offered a seven percent fixed rate loan and also a variable rate loan that has an initial rate of five percent. By choosing the variable rate loan, Chuck is reducing the lender's risk by:

• A) sharing the interest rate risk.
• B) increasing his monthly payments.
• C) taking a larger stake in the asset he is purchasing.
• D) repaying the loan over a faster period of time.
• E) pledging collateral.

Understand the cause and effect of mass extinctions on Earth's biodiversity.

Familiarize with the geological evidence supporting theories of Earth's history, including continental drift and sedimentary rock layers.

Grasp the concept of radiometric dating and its application in determining the age of geological and archaeological findings.

Recognize the diversity of life forms that existed in different geological periods.

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