An adjustable rate mortgage with a baseline rate of 5%,a margin of 2%,and an annual cap of 1% would have an initial mortgage rate of 7%.

Name: An adjustable rate mortgage with a baseline rate of 5%,a margin of 2%,and an annual cap of 1% would have an initial mortgage rate of 7%.
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The initial mortgage rate would be calculated as baseline rate + margin = 5% + 2% = 7%. The annual cap of 1% means that the rate can increase by a maximum of 1% per year, but this would not affect the initial rate.

An Adjustable Rate Mortgage with a Baseline Rate of 5%,a