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Which type of interest does not change over the life of a loan? Principal interest Fixed interest Variable interest Annual percentage rate
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25 votes
25 votes
Which type of interest does not change over the life of a loan?

Principal interest
Fixed interest
Variable interest
Annual percentage rate

User Jason Favors
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1 Answer

24 votes
24 votes

Answer:

Fixed interest

Step-by-step explanation:

A fixed-rate mortgage charges a set rate of interest that does not change throughout the life of the loan. You'll know exactly how much each monthly payment will be, as well as how much it will cost you overall to pay off the loan based on that rate.

User Vaclav Pech
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