Question and answer
describe a variable rate loan.
Variable rate loans are lines of credit or closed-end credit accounts that offer interest rates that can fluctuate. [ Different from fixed-loan rates, variable rate loans are often tied to certain market indexes that adjust based on economic conditions. Read more: What Is a Variable Rate Loan? (SOURCE: ) ]
Expert answered|jeifunk|Points 1125|
Question
Asked 2/7/2012 4:41:12 PM
Updated 2/7/2012 5:04:48 PM
1 Answer/Comment
Get an answer
New answers
Rating
0
[Deleted]
Added 2/7/2012 5:04:49 PM
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
describe the major steps to making a large purchase.  Why is it important to go through these steps when you are planning on making a large purchase?
Weegy: First and foremost is to establish a baseline for a large purchase , in layman's term its purely knowing your needs and aligning this with your budget. Automate your savings , save money for the large purchase rather placing it o credit. [ You should make a comparison canvassing on the large purchase you are planning , so you can at least get what you want in fair market value. It is important to go through these steps when you are planning on making a large purchase because otherwise you will end up with something you do not need and cannot afford. ] (More)
Question
Expert Answered
Asked 2/7/2012 3:54:53 PM
0 Answers/Comments
describe a variable rate loan. Discuss an advantage of a variable rate loan. Discuss one of the risks of a variable rate loan.
Weegy: variable-rate mortgage, also commonly referred to as an adjustable-rate mortgage or a floating-rate mortgage, is a loan in which the rate of interest is subject to change. [ When such a change occurs, the monthly payment is "adjusted" to reflect the new interest rate. Over long periods of time, interest rates generally increase. An increase in interest rates will cause the monthly payment on a variable-rate mortgage to move higher. ] (More)
Question
Expert Answered
Asked 2/7/2012 4:28:33 PM
0 Answers/Comments
17,627,270 questions answered
Popular Conversations
Simplify the expression. (3x - 1)(x^2 + 2x - 4) User: 3x+2(x+5) ...
Weegy: 1+tan^2(x) = sec^2(x) 1+cot^2(x) = csc^2(x) (1+tan^2(x)) / (1+cot^2(x) = sec^2(x) / csc^2(x) = ...
10/1/2014 1:46:20 AM| 3 Answers
antonym of prevented ...
10/1/2014 9:05:38 AM| 3 Answers
what is the square root of 2?
Weegy: 4^(square root of 2) = 7.10299330132 User: what is the square root of 3? Weegy: A divisor of a quantity that ...
10/1/2014 11:05:32 AM| 3 Answers
Which of the following is correct? A. The purine G bonds with the ...
Weegy: B. The purine C bonds with the pyrimidine G. User: The purines in DNA are A. thymine and ...
10/1/2014 2:38:30 PM| 3 Answers
Habeas corpus law
10/1/2014 7:12:34 AM| 2 Answers
Simplify the expression.(3 + i) - (2 - 2i)
Weegy: 3-3 = 0 User: What is the expression in factored form 9x2 - 12x + 4 A. (-3x - 2)2 B. (-3x + 2)(3x - 2) C. (3x ...
10/1/2014 9:57:26 AM| 2 Answers
consumer rights.
Weegy: A consumer is a person or group of people that are the final users of products generated within a social system. ...
10/1/2014 10:14:56 AM| 2 Answers
People who have a common cultural background and a common sense of ...
Weegy: People who have a common cultural background and a common sense of identity is a people of race. User: The ...
10/1/2014 10:50:53 AM| 2 Answers
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
Points 131 [Total 9612]| Ratings 0| Comments 131| Invitations 0|Offline
S
L
1
1
1
1
L
1
L
Points 73 [Total 12448]| Ratings 0| Comments 73| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 43 [Total 12272]| Ratings 0| Comments 43| Invitations 0|Offline
S
1
L
L
Points 35 [Total 5829]| Ratings 0| Comments 35| Invitations 0|Offline
S
P
C
L
P
L
1
Points 16 [Total 6250]| Ratings 0| Comments 16| Invitations 0|Offline
S
Points 10 [Total 10]| Ratings 1| Comments 0| Invitations 0|Offline
S
1
L
1
Points 10 [Total 3354]| Ratings 1| Comments 0| Invitations 0|Offline
S
Points 2 [Total 37]| Ratings 0| Comments 2| Invitations 0|Offline
S
Points 1 [Total 214]| Ratings 0| Comments 1| Invitations 0|Offline
S
1
L
Points 1 [Total 3077]| Ratings 0| Comments 1| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.