The Determinants of Bank Loan Pricing
With a variable rate loan your Interest Rate fluctuates during the Term so your amortization period will change if our Prime Rate fluctuates. (4) Balance Owing at Maturity . On the Maturity Date you will owe $, plus any accrued interest from your last payment to the Maturity Date. This amount is based on the assumption all payments are made on time and you do not make any extra payments or ... ................
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