A Fixed Rate Home Loan Has a Fixed Interest Rate,but

question 40

True/False

A fixed rate home loan has a fixed interest rate,but the payment increases throughout the life of the loan.

---

Definitions:

Bromo-Methylbutane

An organic compound that contains a bromine atom attached to a butane chain, often used in nucleophilic substitution reactions.

Organic Product

Organic product often refers to a molecule resulting from organic synthesis, especially in the context of organic reactions.

Methanol

The simplest alcohol, with the chemical formula CH3OH, used as a solvent, antifreeze, fuel, and in the production of formaldehyde.

Ethanol

A two-carbon alcohol (C2H5OH) commonly used as a solvent, fuel, and in alcoholic beverages.