Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. A fixed-rate payment is a type of loan installment where the interest rate remains constant ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance ...

Important: Tax treatment depends on individual circumstances and may be subject to future change. The content of this article is provided for information purposes only and is not intended to be, nor ...