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The margin on an adjustable-rate mortgage is 2.5% and the rate cap is 5% over the life of the loan. If the current index rate

The margin on an adjustable-rate mortgage is 2.5% and the rate cap is 5% over the life of the loan. If the current index rate is 8.4%, find the maximum overall rate (as a %) of the loan. % Submit Answer 6. I-/10 Points] DETAILS BRECMBC9 14.11.004. MY NOTES ASK YOUR TEACHER
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