Question: I need help finding the fully indexed rate on a few problems. It is for a mortgage class. Ok so... Margin- 2% Index- 3.5% Cap-1%

I need help finding the fully indexed rate on a few problems. It is for a mortgage class.

Ok so...

Margin- 2%

Index- 3.5%

Cap-1%

Its asking... what is the fully indexed rate if it goes from 5% to 3%

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