@Becki

You are considering a 3/5 ARM. What does the 5 represent?

A. The number of years between adjustments in the interest rate
B. The interest rate of the initial fixed-rate loan period
C. The total number of years in the loan
D. The number of years that a fixed interest rate will be applied to the loan

Question

@Becki 

You are considering a 3/5 ARM. What does the 5 represent?

 		A.	The number of years between adjustments in the interest rate
 		B.	The interest rate of the initial fixed-rate loan period
 		C.	The total number of years in the loan
 		D.	The number of years that a fixed interest rate will be applied to the loan

anonymous. · Answer

I think I can help you with this . Im taking the same course btw :3

anonymous. · Answer

B.	The interest rate of the initial fixed-rate loan period 


why ? 

3" is the initial interest rate period and 5" is initial rate adjustment period .

anonymous · Answer

The number of years between adjustments in the interest rate

anonymous · Answer

it is A