Question: Variable - rate loans usually carry lower initial interest rates than fixed - rate loans because Group of answer choices the borrower may not receive

Variable-rate loans usually carry lower initial interest rates than fixed-rate loans because
Group of answer choices
the borrower may not receive a lower rate in the future.
the borrower does not have the option of early repayment of the loan.
the lender does not have the option of raising the rate.
the lender has the optino of raising the rate later.

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