If Your Installment Loan Has a Variable Interest Rate

Multiple Choice

If your installment loan has a variable interest rate,

A) the rate will remain the same over the life of the loan.
B) the amount you borrowed will change with interest rates.
C) you cannot accurately predict the total interest you will pay on the loan.
D) you can calculate the total interest you will pay on the loan.
E) your monthly loan payment will change every month.