It can also be an adjustable mortage rate fixed for 7 years. Kidding of course but true.
Re: what does 7:1 mean ?
In math it would be a reciprocal. A reciprocal is simply one of a pair of numbers that, when multiplied together equal 1. To find the reciprocal of a whole number just turn it into a fraction in which the original number is the denominator and the numerator is 1. The reciprocal of 7 is 1. Hope this helps. It can also be an adjustable mortage rate fixed for 7 years. Kidding of course but true.
It can also be an adjustable mortage rate fixed for 7 years. Kidding of course but true.
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