5. A Graduated Payment Mortgage (GPM) that graduates 5 times stabilizes its monthly payment in year(s) given loan terms or 9%, 30 years. a. 5-30 b. 6-30 c. 30 d. all of the above answers 6. A GPM has a: a. variable interest rate b. inflation adjusted interest rate through time c. fixed interest rate d. step-up interest rate 7. A GPM is primarily of interest to mortgage applicants that expect in the future: a. Rising b. Falling c. Remain stable d. None of the above answers income 8. Negative amortization with a GPM occurs during: a. Later years of the loan only b. middle years of the loan only c. early years of the loan only d. All of the above answers B 9. When calculating the annual amortization table for a GPM the following factor is used: a. PVIF