Mathematics, 09.06.2020 19:57 noslengerman

A bank advertises a 2/1 ARM at 3.25% with a 2/10 cap. What is the maximum interest rate that can be charged during the fifth year?
A 2%
B 3.25%
C 9.25%
D 10%

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A bank advertises a 2/1 ARM at 3.25% with a 2/10 cap. What is the maximum interest rate that can be...

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