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What is a periodic adjustment cap? O A. A limit on how many times the rate can be adjusted B. A limit on how much an ARM's interest rate can change at each adjustment period O C. A limit on a loan's initial
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What is a periodic adjustment cap?

O A. A limit on how many times the rate can be adjusted
B. A limit on how much an ARM's interest rate can change at each
adjustment period
O C. A limit on a loan's initial interest rate
OD. A limit on how many years a loan can be for

User Chris Simon
by
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1 Answer

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Answer: B. A limit on how much an ARM’s interest rate can be changed at each adjustment period

Explanation:

User TJ Sherrill
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