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OpenStudy (anonymous):
A bank advertises a 5/3 ARM at 3.25% with a 2/11 cap. What is the maximum interest rate that can be charged during the 6th year?
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OpenStudy (anonymous):
@eSpeX
OpenStudy (espex):
This is one I would need to research, you can do adjustments after 5 years, but I am not certain about your cap.
OpenStudy (anonymous):
ok thank you
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