You are considering a 3/5 ARM. What does the 5 represent?
A. The total number of years i...
Mathematics, 31.03.2020 04:58 speedyblackmann
You are considering a 3/5 ARM. What does the 5 represent?
A. The total number of years in the loan
B. The number of years between adjustments in the interest rate
C. The interest rate of the initial fixed-rate loan period
D. The number of years that a fixed interest rate will be applied to the
loan
Answers: 3
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