Biology Forums - Study Force

Other Fields Homework Help Finance Topic started by: Kss612 on Sep 4, 2023



Title: If you have an adjustable rate mortgage with an initial rate of 4 percent, an annual interest rate ...
Post by: Kss612 on Sep 4, 2023
If you have an adjustable rate mortgage with an initial rate of 4 percent, an annual interest rate cap of 1 percentage point, and a lifetime cap of 5 percentage points, what is the maximum annual interest rate you could end up paying on the ARM?

▸ 6 percent

▸ 9 percent

▸ 10 percent

▸ 5 percent


Title: Re: If you have an adjustable rate mortgage with an initial rate of 4 percent, an annual interest rate ...
Post by: bolusmachine on Sep 4, 2023
Content hidden