Marta purchased a home with an adjustable rate mortgage the
Marta purchased a home with an adjustable rate mortgage. The margin on an adjustable-rate mortgage is 5.5% and the rate cap is 6.5% over the life of the loan. If the current index rate is 8.9%, find the maximum overall rate of the loan.
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marta purchased a home with an adjustable rate mortgage the margin on an adjustable-rate mortgage is 55 and the rate
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