If Your Installment Loan Has a Variable Interest Rate

question 50

Multiple Choice

If your installment loan has a variable interest rate:

• A) the rate will remain the same over the life of the loan.
• B) the amount you borrowed will change with interest rates.
• C) you cannot accurately predict the total interest you will pay on the loan.
• D) you can calculate the total interest you will pay on the loan.
• E) your monthly loan payment will remain the same for all the months..

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Definitions:

Specimen

A sample of tissue, blood, or another substance taken for examination or analysis.

Nucleic Acid

Biological macromolecules, such as DNA or RNA, that are essential for all known forms of life, containing the genetic instructions.

Prion

A type of infectious agent made up of protein in a misfolded form, which is known to cause a number of neurodegenerative diseases.

Protein

Large molecules composed of one or more long chains of amino acids, essential for the structure, function, and regulation of the body's cells, tissues, and organs.