The buyer has a 3/27 loan. After three years it changes every year and includes principal and interest. By the end of the term, the buyer pays off the loan amount. This loan is best described as which of the following:

Insurance

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The buyer has a 3/27 loan. After three years it changes every year and includes principal and interest. By the end of the term, the buyer pays off the loan amount. This loan is best described as which of the following:

Answer: Adjustable

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