3 years ago

You are considering a 5/1 ARM. What does the 5 represent?

2 answers:

7 0

The 5 is the number of years that the interest rate is fixed (at the initial amount set when you sign the mortgage contract)

The 1 represents the idea that the interest rate will change every year after the initial 5 years are up.

Nuetrik [128]3 years ago

3 0

The 5 represents the number of years that a fixed interest rate will be applied to the loan. APEX Financial literacy

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3 years ago

1. A right circular cylinder has a height of 5 in. and a base area of 20 in2. What is the volume of the cylinder? Use π = 3.14.

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Step-by-step explanation:

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<em />

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