what is a fixed interest rate?\nchoose 1 answer:\na an interest rate that changes based on the market…

what is a fixed interest rate?\nchoose 1 answer:\na an interest rate that changes based on the market conditions\nb an interest rate that changes based on how much the lender pays on the loan\nc an interest rate the stays the same for the entire term of the loan

what is a fixed interest rate?\nchoose 1 answer:\na an interest rate that changes based on the market conditions\nb an interest rate that changes based on how much the lender pays on the loan\nc an interest rate the stays the same for the entire term of the loan

Answer

Brief Explanations:

A fixed - interest rate remains constant throughout the loan's term, not varying with market conditions or lender payments.

Answer:

C. an interest rate the stays the same for the entire term of the loan