Question: Micah is considering a loan with a variable interest rate but isn't sure what this means. What's the best description of a variable interest rate?

Micah is considering a loan with a variable interest rate but isn't sure what this means. What's the best description of a variable interest rate?
q,
It's the amount of interest a credit card company charges each year on the unpaid balance of the loan.
It refers to the total amount of interest paid on an amount borrowed.
The interest rate will stay the same over time.
His rate will start low but increase after a certain period of time,
It is an interest rate that changes over time and can be raised at any time or in response to Micah's credit behavior.
Micah is considering a loan with a variable

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