Business
Business, 27.02.2022 01:00, hayesvolcano

Chuck Spencer wants to borrow money for six years to purchase a new car. He has been offered a seven percent fixed rate loan and also a variable rate loan that has an initial rate of five percent. By choosing the variable rate loan, Chuck is reducing the lender's risk by .

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Chuck Spencer wants to borrow money for six years to purchase a new car. He has been offered a seven...

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