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Real Estate 2.An adjustable-rate mortgage has a note rate of 6%. The lender charges a margin of 2%. The rate can be adjusted only once

Real Estate
2.An adjustable-rate mortgage has a note rate of
6%. The lender charges a margin of 2%. The
rate can be adjusted only once a year, and the
interest rate is capped so that it cannot increase
more than 2% per year. What is the current
index rate?
A. 2%
B. 4%
C. 8%
D. 10%

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