when should you get a fixed rather than a variable interest rate? when interest rates are high when interest…

when should you get a fixed rather than a variable interest rate? when interest rates are high when interest rates are low doesnt matter always what should you investigate first before accepting a credit card offer? the simple interest the compound interest apr after introductory rate apr before the introductory rate

when should you get a fixed rather than a variable interest rate? when interest rates are high when interest rates are low doesnt matter always what should you investigate first before accepting a credit card offer? the simple interest the compound interest apr after introductory rate apr before the introductory rate

Answer

Brief Explanations:

  1. When interest rates are low, getting a fixed - rate locks in that low rate and protects against future rate increases. If rates are high, locking in may mean paying a high rate for a long time. So, it's better to get a fixed rate when rates are low.
  2. The APR after the introductory rate is crucial as the introductory rate is usually a short - term offer. Once it ends, the APR after will determine the cost of borrowing on the credit card. Simple and compound interest are components of how APR is calculated, but the overall APR after the intro period is what matters most initially.

Answer:

  1. when interest rates are low
  2. APR after introductory rate