For which of these ARMs will the interest rate stay fixed for 4 years and then be adjusted every year after that?
1 answer:
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Answer:
6
Step-by-step explanation:
Chords within a circle are proportional. Proportional means that they form equal ratios. To solve for y, set up a proportion.
The ratios we will create will be where each long and short form an angle.
So write:
To solve, cross multiply numerator with denominator.
12(4) = 8(y)
48=8y
6=y