If You Wish to Keep Your Monthly Payments as Low

question 118

Multiple Choice

If you wish to keep your monthly payments as low and predictable as you can, you should use a

• A) 15-year ARM.
• B) 30-year ARM.
• C) 15-year fixed rate.
• D) 30-year fixed rate.

---

Definitions:

Rupture Disk

A safety device designed to burst at a predetermined pressure to relieve excessive pressure from vessels or piping systems.

Hubdometer

A wheel hub located odometer used to track and display mileage; especially useful on trailers to schedule service intervals.

Trailer Mileage

The distance that a trailer has traveled or is capable of traveling, often used as a measure of its usage or lifespan.

Maintenance Scheduling

The process of planning and organizing tasks and procedures for the upkeep of equipment, machinery, or systems to ensure optimal performance and avoid failures.