An interest rate that will not change over the term of the loan is known as a(n) _____.A.variable interest rateB.annual percentage rateC.compound interest rateD.fixed interest rateSUBMITarrow_backPREVIOUS

The interest rate that lenders publish or advertise is usually:A.the simple interest rate.B.the nominal interest rate.C.the compound interest rate.D.the lowest interest rate.SUBMITarrow_backPREVIOUS

In compound interest, what does 'rate' refer to?*The percentage of the principal amount charged as interestThe duration for which interest is calculatedThe principal amount itselfThe total amount after interest

The amount of money charged to borrow money, expressed as a percentage, is called the _____.A.loan termB.collateralC.principalD.interest rate

The rate used to determine the amount of interest that a borrower pays on an unsecured note and the investor receives on the unsecured note is known as the: Group of answer choices contract interest rate. discounted rate. market rate. present value rate.

he annual percentage rate (APR) of a loan is different from the interest rate because it:A.is calculated from the remaining interest owed.B.includes charges and fees.C.includes the rate but not the fees and charges.D.only covers the interest for a year.