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Monoboi:
A bank advertises an adjustable rate mortgage with the following terms: 20 year 4/1 ARM at 3% with a 3/7 cap structure What are the maximum interest rates for the 5th year and for the life of the mortgage? a 5th year: 6%; Lifetime: 7% b 5th year: 6%; Lifetime: 10% c 5th year: 4%; Lifetime: 7% d 5th year: 4%; Lifetime: 11%
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Monoboi:
this won't get solved i closed it
itsme:
oh ok
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