2 Points
You are considering a 5/1 ARM. What does the 5 represent?
O
A. The number...
Mathematics, 05.05.2020 06:31 kaitlyn114433
2 Points
You are considering a 5/1 ARM. What does the 5 represent?
O
A. The number of years that a fixed interest rate will be applied to the
loan
O
B. The interest rate of the initial fixed-rate loan period
O
C. The number of years between adjustments in the interest rate
O
D. The total number of years in the loan
Answers: 3
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