18. A borrower has been analyzing different adjustable rate mortgage (ARM) alternatives for the purchase of a property. The borrower anticipates owning the property for five years. The lender first offers a $150,000, 30-year fully amortizing ARM with the following terms: Initial interest rate=6 percent Index=1-year Treasuries Payments reset each year Margin=2 percent Interest rate cap=None Payment cap=None Negative amortization=Not allowed Discount points=2 percent Based on estimated forward rates, the index to which the ARM is tied is forecasted as follows: Beginning of year (BOY) 2=7 percent; (BOY) 3=8.5 percent; (BOY) 4=9.5 percent;(BOY) 5=11 percent. Compute the payments, loan balances, and yield (effective cost of borrowing) for the unrestricted ARM for the five-year period