reddustVA
reddustVA
09.06.2020 • 
Mathematics

A bank advertises a 2/1 ARM at 3.25% with a 2/10 cap. What is the maximum interest rate that can be charged during the fifth year?
A 2%
B 3.25%
C 9.25%
D 10%

Solved
Show answers

Ask an AI advisor a question