ariaslalitojr ariaslalitojr

09-06-2020
Mathematics

contestada

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%

Respuesta :

firstladyjada firstladyjada

09-06-2020

The answer is B 3.25%

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