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Question 3 1 pts LOAN 2 LOAN 4 LOAN 1 ? 20 3% 1 yr LOAN 3 ? 20 3% Initial Interest Rate Loan Maturity

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Question 3 1 pts LOAN 2 LOAN 4 LOAN 1 ? 20 3% 1 yr LOAN 3 ? 20 3% Initial Interest Rate Loan Maturity (years) % Margin Above Index Adjustment Interval Points Interest Rate Cap 20 20 396 1 yr 1% 1 yr 1% NONE 1% 1% yr. 3%/yr. Which loan in the above table should have the lowest initial interest rate? Loan 2 Loan 3 Loan 4 O Loan 1 Question 4 1 pts

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