Question: The margin on an adjustable - rate mortgage is 3 . 5 % and the rate cap is 5 % over the life of the

The margin on an adjustable-rate mortgage is 3.5% and the rate cap is 5% over the life of the loan. If the current index rate is 6.8%, find the maximum overall rate of the loan. Calculated ARM interest rate
Maximum overall rate A
The margin on an adjustable-rate mortgage is 3.5% and the rate

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