Differences Between Fixed Rate & Floating Rate?

Answer Interest rate is the rate of interest that a lender charges the debtor, as if it were the price the debtor is paying for the loan the lender has given him. Depending on the type of loan and the len... Read More »

Top Q&A For: Differences Between Fixed Rate & Floating Rate

What Is the Difference Between a Fixed Rate & Flat Rate?

The terms "fixed rate" and "flat rate" sound interchangeable in nature but, in fact, are not. These are terms that express constancy of price and percentage from the separate viewpoints of consumer... Read More »

Variable Rate Vs. Fixed Rate?

An interest rate is the cost incurred for borrowing funds from a lender, such as a bank or a business. Examples include interest charged on mortgage loans, business loans, credit cards and personal... Read More »

Would the base used to calculate the variable overhead rate be the same as the fixed overhead rate?

Yes. Calculate the variable overhead rate by dividing variable overhead by production to get a variable overhead per unit rate. Calculate the fixed overhead rate by dividing the fixed overhead by p... Read More »

What is a fixed rate?

A fixed rate of interest remains steady over a predetermined period of time, such as over the life of a loan or until maturity date of an investment. A fixed rate does not rise or fall. The opposit... Read More »