1. Explain how loans with a fixed interest rate are different than loans with a variable interest rate, and how calculating interest on the former can be easier than the latter. 2. Please explain what “simple interest loans” are and how they work. 3. Please explain what amortizing interest is and how it works. 4. What types of loans typically offer simple interest versus amortized interest? 5. How can someone calculate simple interest on a loan? Please provide a step-by-step guide, including an example with details to show the calculation. 6. How can someone calculate amortizing interest on a loan? Please provide a step-by-step guide, including an example with details to show the calculation. 7. What is an amortization schedule, who provides it, and can you include an example with details of a loan amortization schedule for a $10,000 loan with a 15% interest rate and a two-year repayment schedule 8. What tips do you recommend for getting the best possible interest rate?

posted8/14/2025

deadline8/18/2025

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published9/23/2025