Mathematics, 27.02.2020 01:53 Jroc23

Question 3 of 40
5 Points
You are considering a 7/1 ARM. What does the 1 represent?
O
A. The number of years that a fixed interest rate will be applied to the
loan
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B. The number of years between adjustments in the interest rate
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C. The total number of years in the loan
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D. The interest rate of the initial, fixed-rate loan period
SUNIT

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Question 3 of 40
5 Points
You are considering a 7/1 ARM. What does the 1 represent?

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