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Mathematics, 13.10.2019 16:30 codycollier

Which of the following is true about the interest rate of a direct plus loan?

a. the interest rate adjusts a bit lower every year.
b. the interest rate adjusts a bit higher every year.
c. the interest rate is lower early in the term of the loan but higher later on.
d. the interest rate is fixed.

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Which of the following is true about the interest rate of a direct plus loan?

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