Question: Interest calculated on the initial principal, which remains the same throughout the life of the loan. Interest rate that stays the same throughout the duration

Interest calculated on the initial principal, which remains the same throughout the life of the loan. Interest rate that stays the same throughout the duration of the loan. Interest calculated on the initial principal, which also accumulates interest over subsequent periods. Interest rate that can change over the life of a loan based on market conditions. 1. Simple Interest 2. Compound Interest 3. Fixed Interest 4. Variable Interest

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