The interest rate that applies in any given year on an ARM liam can be referred to by all of the following terms except

You are in the 5th year of a $300,000 5/1 year ARM with caps of 3/2/5 and an initial composites rate of 43% Ondex of 2.5e margin of 23 ur current monthly payments of $1,520.06. By the end of Year 5, interest rates have substantially and the "inde" is now at 65% What will your new monthly payment be for Year & pene fed the propert then recast for remaining 25 years newate O 1.866.93 0 2,244.15 O2,000 95 1,99045 QUESTION O 10 points You are in the 5th year of a $300,000 5/1 year ARM with caps of 3/2/5 and an initial composites rate of 43% Ondex of 2.5e margin of 23 ur current monthly payments of $1,520.06. By the end of Year 5, interest rates have substantially and the "inde" is now at 65% What will your new monthly payment be for Year & pene fed the propert then recast for remaining 25 years newate O 1.866.93 0 2,244.15 O2,000 95 1,99045 QUESTION O 10 points