Answer questions 67 - 70 for a $250,000 adjustable rate mortgage (ARM) loan with a 30-year term. The margin is 2.75 and is indexed to the treasury bill. The interest rates for the first 3 years are specified as follows: End of Year interest Rate Kmonthly) 3.2596 2 1496 B 14.596 What is the loan balance at the end of year 17 $ 244,944.69 5244,559.53 5 244.570.20 5240.99720 QUESTION 69 What is the monthly payment in year 2? $1,088.02 $1,169.40 $1,190.61 $1,259.77 QUESTION 70 What is the loan balance in year 3? $235,667.05 $240,432.98 $244.944.69 $236,036.01 Answer questions 67 - 70 for a $250,000 adjustable rate mortgage (ARM) loan with a 30-year term. The margin is 2.75 and is indexed to the treasury bill. The interest rates for the first 3 years are specified as follows: End of Year interest Rate Kmonthly) 3.2596 2 1496 B 14.596 What is the loan balance at the end of year 17 $ 244,944.69 5244,559.53 5 244.570.20 5240.99720 QUESTION 69 What is the monthly payment in year 2? $1,088.02 $1,169.40 $1,190.61 $1,259.77 QUESTION 70 What is the loan balance in year 3? $235,667.05 $240,432.98 $244.944.69 $236,036.01