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Mathematics 9 Online
OpenStudy (anonymous):

A bank offers three mortgages shown. Which mortgage(s) will have fixed payments for at least the first 5 years? Fixed rate mortgage at 5% for 20 years Adjustable rate mortgage at 3% for 20 years with terms 4/2 and a cap of 3/8 Balloon mortgage at 4% with terms 20/4 Fixed rate only Fixed rate and balloon only Fixed rate and adjustable rate only <---- My choice Fixed rate, adjustable rate, and balloon

OpenStudy (amistre64):

whats your reasoning for that one?

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