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What are the differences between fixed and variable interest rates on loans?
Fixed interest rates on loans remain the same throughout the loan term, providing predictability in monthly payments. Variable interest rates can change based on market conditions, leading to fluctuating payments.
Is mortgage payment a variable cost?
Mortgage payment can either be fixed or variable cost. A fixed cost means the interest rate charged on the loan will remain the same for the loan's entire term. A variable cost means the interest rate changes or decreases as time pass.
What does the term interest credit refer to?
The term interest credit refers to percentage of the credit that will be added as interest by the bank that issued a credit card. In this case, when the customer exceeds the allowed money limit, the bank will start taking interest on the exceeded credit.
What is the definition operational definition in science?
describes how to measure a variable or define a term. right out of my science book
A term that has a number but no variable?
... is still a term. a term doesn't have to have a variable in it.
What is a term that refer to the fee a lender charges the borrower for lending money?
The fee is known as charging interest.
What is another term for the independent variable?
Treatment variable is another term for the independent variable.
What does the term recipient refer to?
Recipient refers to the receiving or is collecting of something. A recipient is not exclusively a person, but could also be a group or business or other entity.
What is usery laws?
Laws governing the writing of bad checks. usury has to do with interest rates, used to refer to excessively high interest rates. uttering is a term that some states use to refer to bad check statutes.
What is a measured variable?
A measured variable is a quantity or attribute that can be quantitatively assessed or determined using a measuring instrument. It provides numerical information about a specific characteristic or property of a system, process, or entity. Examples include temperature, weight, time, and distance.
What is another term for dependent variable?
Another term is Responding Variable
C in a FD?
In a financial context, "C" in FD could refer to a corporation or a certificate of deposit. A corporation is a legal entity created to conduct business, while a certificate of deposit is a financial product offered by banks, where the investor deposits a specific amount for a fixed term at a fixed interest rate.
