Which of these is the type of loan where the interest payments change over the life of the loan?
A) fixed-rate loans
B) variable-rate loans
C) take-down loans
D) spot loans

Question

Quizplus · Accepted Answer

Variable-rate loans have interest payments that change over the life of the loan based on fluctuations in the market. Fixed-rate loans, on the other hand, have a set interest rate for the entire duration of the loan. Take-down loans and spot loans are not types of loans related to interest rates.

Which of These Is the Type of Loan Where the Interest