Total assets = Total liabilities + Equity. The balance sheet is one of the key elements in the financial statements, of which the other documents are the income statement and the statement of cash flows. A statement of retained earnings may sometimes be attached.
Fixed Rate Defined. A fixed interest rate means that the interest rate that you will be charged over the term of your loan will not change, no matter how high or how low the market may drive interest rates. Your payment will remain the same on your last payment as it was on your first payment.
Interest rates refers to the rate set by a country's Central bank and is the % of money commercial banks are allowed to hold or lend at one time. If Interest rates are down then a commercial bank can lend more money out at one time, and vise versa for high interest rates.