BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Evelyn has taken out a college loan. She needs to pay $500 every month for two years to repay the loan. What kind of loan does she have?
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a fixed-rate loan
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a variable-rate loan
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a constant-rate loan
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None of the above
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Explanation:
Detailed explanation-1: -a constant-rate loan. month for two years to repay the loan. She has a fixed-rate loan.
There is 1 question to complete.