Home loans are offered either at a fixed or variable rate of interest. Fixed rate plans suit those who may be on a budget or prefer to know exactly what they pay back each month. However, a variable rate loan could work to your advantage as you could pay back less overall if interest rates fluctuate.
Bank Rate Mortgage Loan Calculator 15 Percent Interest Rate Ch. 5 M/C Flashcards | Quizlet – Ch. 5 M/C. STUDY. PLAY. You deposit $2,000 in a savings account that pays 10 percent interest, compounded annually.. What is the present value of a 5-year ordinary annuity with annual payments of $200, evaluated at a 15 percent interest rate? a. $ 670.43 b. $ 842.91 c. $1,169.56 d. $1,348.48