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what are the characteristics of an annual percentage rate. choose all that apply
it can change over time for certain kinds of loans, it’s the interest charged each year for a loan, it requires the borrower to pay all the principal at once, it can be reduced to reflect the borrowers credit history, it has little impact on the amount the borrower must repay

Respuesta :

Answer:

The answer is A, B, and D

Explanation:

A) It can change over time for certain kinds of loans.

B) It is the interest charged each year for a loan.

D) It can be reduced to reflect the borrower’s credit history.

srastiuts023

The characteristics of an annual percentage rate are A. It can change over time for certain kinds of loans, B. It’s the interest charged each year for a loan, D.  It can be reduced to reflect the borrowers credit history.

What percentage is a good rate?

The best interest rate on a personal loan depends on your credit score: 740 and above: Less than 8% (look for a loan to get the best loan) 670 to 739: About 14% (see good credit loan) 580 to -669: About 18% (see eligible credit loan).

How is the percentage rate calculated?

To determine the percentage difference, you will first deduct the cost from each other: 30 - 25 = 5. You will then determine the ratio of these two costs (25 + 30/2 = 27.5). You will then divide 5 by 27.5 = 0.18. You will then multiply 0.18 by 100 = 18.

Learn more about the Percentage Rate at https://brainly.com/question/25545513

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