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il63 [147K]
3 years ago
10

What is a lifetime cap?

Mathematics
1 answer:
Nostrana [21]3 years ago
5 0
A lifetime cap is the maximum interest rate a borrower could ever pay during the life of a loan.
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Step-by-step explanation:

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This problem Is an example of geometrica progression. The formula for the sum of geometric progression is:

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\huge \bf༆ Answer ༄

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