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25 September, 07:00

A percentage added to the index of an adjustable rate mortgage that results in the "calculated rate" is the

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  1. 25 September, 07:24
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    I think the correct answer would be margin. The calculate rate is obtained by adding index and the margin. The margin is the component in an adjustable rate mortgage that do not change. Hope this answers the question. Have a nice day.
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