You Are Considering A 3/5 Arm. What Does The 5 Represent?

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We know that : 3% = 3/100 & 5% = 5/100 Asked : What percent is 3/100 of 5/100. So, Solution will be : [{(3/100) / (5/100)} x 100]% =[{3/5} x 100]% = 60% (Raja Uday Singh)

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Coco Chanel – Lucky Number 5. Number five was the lucky number of Coco Chanel. The famous and highly successful perfume, Chanel No 5, was launched May 5, 1922. "I always launch my collection on the 5th day of the 5th months, so the number 5 seems to bring me luck – therefore, I will name it No 5" – Coco Chanel

Put simply, the 5/1 ARM is an adjustable-rate mortgage with a 30-year loan term that’s fixed for the first five years and adjustable for the remaining 25 years. So during years one through five, the interest rate never changes. If it starts at 4%, it remains at 4% for 60 months. Nothing to worry about there.

In a 5-1 ARM, the 5 indicates that the initial interest period is five years long. The next major part of an ARM is how the interest rate will change. In an 5-1 ARM, the rate will change every 1 year. If a mortgage were a "5-2" ARM, the interest rate would change every 2 years.

-8 The easiest way to do this type of problem is to first put all of the terms in fractional form with a common denominator. Both are already in terms of 5ths, so it will be easy to convert the whole numbers to the fraction by multiplying them by the denominator (5) and adding it to the fraction. 3*5 = 15, plus the 3/5 = -18/5 (keeping the sign the same), and 4*5 = 20 plus the 2/5 = -22/5 -18.

It simply means [math]3.3*10^{-5}[/math] Try this trick! Google [math]1 + 3.3e-5[/math] here and the result should clear up your doubt!

A Traditional Loan Has A Variable Interest Rate. A traditional loan has a variable interest rate. false. Log in for more information. Added 12/8/2016 10:55:20 AM. This answer has been confirmed as correct and helpful. Confirmed by debnjerry [12/8/2016 10:59:13 AM] Comments. There are no comments.