Question 7 of 10
You are considering a 3/5 ARM. What does the 5 represent?
A. The interest r...
Mathematics, 14.02.2022 22:30 priscilaannmendez
Question 7 of 10
You are considering a 3/5 ARM. What does the 5 represent?
A. The interest rate of the initial fixed-rate loan period
B. The number of years that a fixed interest rate will be applied to the
loan
C. The total number of years in the loan
D. The number of years between adjustments in the interest rate
Answers: 3
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