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lbt21000
lbt21000 lbt21000
  • 29-09-2016
  • Mathematics
Answered

What is a fixed percent of the principal

Verified Answer :

Manuel45
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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