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May 15 2021

Variable interest rate-Variable interest rate

Variable interest rate Variable interest rate Latest news headlines today Variable interest rate Variable Interest Rate What is a Variable Interest Rate? A variable interest rate is an interest rate that can change from time to time. How Does a Variable Interest Rate Work? For example, let’s say that you want to borrow $5,000 to start a business. Company XYZ offeres you a variable interest rate loan at prime plus 5%. That means that the interest rate on the loan equals whatever the prime rate is, plus 5%. So if the prime rate is 4%, then your loan carries an …