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Unformatted text preview: When making a purchase, not only is the interest rate important but whether its a fixed rate or a variable rate. A fixed rate stays the same forever in which a variable rate fluctuates. Finding a low interest rate not knowing its variable can cause unexpected increased payments down the line. Before making a decision on anything, make sure to research everything about the product including the interest rate. Making the wrong decision could be costly down the road....
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This note was uploaded on 07/14/2011 for the course COM 155 taught by Professor Williams during the Spring '10 term at University of Phoenix.
- Spring '10