Question

Is my answer correct? will medal!

Answer 1

Some banks offer variable rate loans with defined periods. For example, a variable rate loan might start at 3% and have the rate guaranteed not to increase for five years. This could be a rational loan option for a person if he or she

A) has a strictly fixed and limited income
B) is unsure of future employment status
C) plans to pay off the loan entirely within five years
D)plans to take longer than five years to repay the loan
(I chose C for this one)