Question

Question 23 of 40

You are considering a 5/1 ARM. What does the 5 represent?
O A. The interest rate of the initial, fixed-rate loan period
O B. The number of years that a fixed interest rate will be applied to the
loan
O C. The total number of years in the loan
O D. The number of years between adjustments in the interest rate
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A CD 40
8:38 PM
1/14/2022

Answer 1

B: The Number of years that a fixed interest rate will be applied to the loan.

Answer 2

B. The number of years that a fixed interest rate will be applied to the

loan