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?

Question

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?
OA
B.
a fixed-rate loan
a variable-rate loan
C.
a constant-rate loan

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Liliana 4 weeks 2021-09-23T22:29:14+00:00 1 Answer 0

Answers ( )

    0
    2021-09-23T22:30:37+00:00

    A fixed rate because it stays the same?

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