Mathematics, 03.01.2022 01:00 kristinaholahan
You are considering a 5/1 ARM. What does the 1 represent?
A. The total number of years of 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
Answers: 3
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You are considering a 5/1 ARM. What does the 1 represent?
A. The total number of years of the loan...
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