Answer:
B. The number of years between adjustments in the interest rate
Step-by-step explanation:
The "5" in "5/1" means there will not be any adjustment in interest rate for the first 5 years.
The "1" in "5/1" means interest rates may be adjusted at 1-year intervals after the initial 5-year period.
C <span>represents the unit rate
hope that helps</span>
Answer:
353,60000
Step-by-step explanation:
- 3400,000 x 8%=272,00000
- 272,000000 x 13 years
- 353,600000
