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Posted by Anonymous on Wednesday, November 14, 2007 at 2:21pm.

Please explian how to figure out the the initial interest rate of the ARM ? Given th these facts thanks :) Ben bought a home with an adjustable-rate mortgage. The margin on the loan is 2.7% and the rate cap is 7.2% The current index rate is 4.3%

beck put $3000 in a saving account. At the end of 5 years, the account had earned $900 in interest . At what annual simple interest rate did the account grow.

Calculate i,interest rate

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