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What might be an advantage of having a variable interest rate for a short-term loan? A. Borrower chooses interest rate based on length of loan B. Lower payments because of low initial interest rate C. Lower interest rate because of higher down payment D. Lender chooses interest rate based on collateral
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Asked 10/18/2010 11:26:15 AM
Updated 7/27/2016 4:15:49 PM
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Flagged by emdjay23 [7/27/2016 4:15:48 PM]
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User: What might be an advantage of having a variable interest rate for a short-term loan? A. Borrower chooses interest rate based on length of loan B. Lower payments because of low initial interest rate C. Lower interest rate because of higher down payment D. Lender chooses interest rate based on collateral

Weegy: C.
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Question
Asked 10/18/2010 11:26:15 AM
Updated 7/27/2016 4:15:49 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by emdjay23 [7/27/2016 4:15:48 PM]
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The advantage of having a variable interest rate for short term loan is lower payments because of low initial interest rate.
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Added 7/27/2016 4:15:49 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [7/27/2016 5:06:03 PM]
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