You are considering a 5/1 ARM. What does the 5 represent?
A. The total number of years in the...
Mathematics, 29.05.2020 19:02, cardsqueen
You are considering a 5/1 ARM. What does the 5 represent?
A. The total number of years in the loan
B. The number of years that a fixed interest rate will be applied to the
loan
C. The number of years between adjustments in the interest rate
D. The interest rate of the initial, fixed-rate loan period
SUBMIT
Answers: 3
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