Business Studies, asked by Akashdeep7424, 1 year ago

Difference between floating and fixed interest rates

Answers

Answered by Anonymous

Explanation:

A fixed rate of interest on a loan would mean that the equated monthly installments or EMIs would remain constant over the tenure of the loan. On the other hand for floating interest rates, the EMIs would fluctuate as per the market dynamics, that is, when interest rates increase or decrease

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