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You are considering a 5/1 ARM. What does the 1 represent?

A. The number of years between adjustments in the interest rate
B. The interest rate of the initial fixed-rate loan period
C. The total number of years in the loan D. The number of years that a fixed interest rate will be applied to th loan​

1 Answer

4 votes

Answer: i would say b

Step-by-step explanation:

User BinaryCat
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