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OpenStudy (anonymous):
@lulu22 You are considering a 5/1 ARM. What does the 5 represent? A. The number of years between adjustments in the interest rate B. The number of years that a fixed interest rate will be applied to the loan C. The total number of years in the loan D. The interest rate of the initial, fixed-rate loan period
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OpenStudy (amistre64):
its an initial period before the rates start to change.
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