If one of the terms of an ARM read, interest is capped at 2%/5%, what would that mean? Page 137 The borrower can choose the cap he wants by simply circling the appropriate choice The interest rate has a 2% annual cap rate and a 5% lifetime cap rate The interest rate has a 5% annual cap rate and a 2% lifetime cap rate The interest rate has a 2% annual cap rate and a 5% floor cap rate