What is a fixed percent of the principal?

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asked Dec 9, 2015 163k views

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Chukwuma · Answer 1 · 2015-12-15T08:05:06+0000

Fixed Percent rate does not change in the life of the loan or investment. A fixed percentage rate is more stable because you will always know how much your payment will be.

What is a fixed percent of the principal?

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