I think its 2 fifths i could be wrong cause i havent worked with fractions since 5th grade and im in 11th grade
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.
Answer:
send your questions again, these questions are not clear......
Answer:
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Step-by-step explanation:
I hope this helps!