lbt21000
lbt21000
29-09-2016
Mathematics
contestada
What is a fixed percent of the principal
Respuesta :
Manuel45
Manuel45
13-02-2017
Fixed Percent rate does not change in the life of the loan or investment. A fixed percentage rate is more stable because you will always know how much your payment will be.
It could also be called simple interest.
hope that helped? :)
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