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Mathematics 7 Online
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 sixth year? (6.25%, 5.25%, 14.25%, or 3.25%?)

OpenStudy (amistre64):

any ideas about it? its all about reading the notation ..

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