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%

i think 5 miles per hour

step-by-step explanation:

there are 25 people coming to the party

step-by-step explanation:

the text says that there will be 22 children at this party, 1 teacher, and 2 parents. so if you add them all together (22+1+2) it will equal 25. (=25)

the answer should be:

a. 3, 4, and 6

b. 18, 24, and 36

c. 4.8, 6.4, and 9.6

hope i

-lavira : )

this is a good question! i’ll do some research and what i find, i’ll contact you asap when i have something! ✊