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When it comes to Finance, the two types of interest if fixed interest and adjustable interest. Fixed interest stays the same. For example if you are paying a fixed interest then the amount you pay in interest will be consistent. However if the terms of your contract include adjustable interest then the interest can change. For instance once month you could pay 1.5 percent interest on your loan, the next month you can pay 1.8 percent interest.
A good example of adjustable interest is an Adjustable Interest Mortgage.
p.s. You don't want this kind of a load and should stay away from it. Make sure your interest is fixed. Also, make sure your lender calculates your loan using the Amortization formula, NOT the Simple Interest formula. Make sure your loan is Amortized because this way you usually end up paying a considerable less amount in the long run. You should also make sure your loan does NOT have a Pre-Payment Penalty Clause. If you want to pay your loan off early and your contract does consist this clause then you will be charged a fee for this.
What else can I help you with?
What are the different types of interest groups?
Three types of interest groups are civil rights interest groups, religious groups, and economic interest groups. Additional types include ideological interest groups, single-issue groups, and government interest groups. There are thousands of interests groups in all.
What are the six different types of interest groups?
Three types of interest groups are civil rights interest groups, religious groups, and economic interest groups. Additional types include ideological interest groups, single-issue groups, and government interest groups. There are thousands of interests groups in all.
What types of functions are used to model both types of simple interest and compound interest?
f(x)= mx+b for simple interest t(n)= abx for compound interest
What is the effect of compound interest?
The effect of compound interest is that interest is earned on the accrued interest, as well as the principal amount.
How many types of interest rates are there?
none
How should I prepare my project on Survey of various types of bank accountsrate of interest offered?
Survey of various types of bank account,rate of interest offered
Which types of loans have the lowest interest rates?
Federal
Are all car loans simple interest?
No, not all car loans are simple interest. Some car loans may have compound interest or other types of interest structures.
How do loan types and interest rates change?
they rate none.
What types of loans accumulate interest?
Subsidized, Unsubsidized and PLUS
Who regulates interest rates on all types of credit?
the fed
What are the three types of interest rates in banks?
mortages loan
