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alanrs

05/18/03 9:14 PM

#108812 RE: Babylon #108810

In year 6 it could be as high as 6.25%, depending on the interest rate it's tied to, usually the 1-yr T bill.
In year 7 it could be as high as 8.25%.
In year 8 it could be as high as 10.25%, and theoretically it could remain at 10.25% for the remaining 22 years.
Typical arm.

ARS