An ARM is made for $$150,000()/(\_(()/()))$ LO $5\mathrm{.}4=7$ percent Index $=1-$year Treasuries Payments reset each year Margin $=2$ percent Interest rate cap $=$ None Payment cap $=5$ percent increase in any year Discount points $=2$ percent Fully amortizing; however, negative amortization allowed if payment cap reached 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$)3=8\mathrm{.}5$ percent ;$($BOY$)4=9\mathrm{.}5$ percent ;$($BOY$)5=11$ percent. Compute the payments, loan balances, and yield for the ARM for the five$-$year period.