The Canada Student Loans Program charges interest at prime plus an added percentage, such as 2.5%, on

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The Canada Student Loans Program charges interest at prime plus an added percentage, such as 2.5%, on its loans to students. Is this a fixed or floating rate? Explain.

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Accounting Principles Part 3

ISBN: 978-1118306802

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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Question Posted: Mar 31, 2017 12:57 AM

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The Canada Student Loans Program charges interest at prime plus an added percentage, such as 2.5%, on

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This type of loan is a floating rate loan because t...View the full answer

Accounting Principles Part 3

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