Logoed in as Simran Wride | Log outQuestion 32/50Based on this information on an Adjustable Rate Mortgage, answer the following question: What is the lifetime cap (ceiling) and lifetime floor for the interest rate?Inder at tie Fina Rate Changer -68(Lisom)Margin =25The instrest rate meined to pay at the fins rate change will neit be grouter than 7% ey lons than 87.Thermafort the internst rate will never increwer or decrease an any single date change by more than three percembage points from the interest rate in the proodling 13 menthThe interset rate will rever be gealer than 125 or leas than the margin.6% cap and 2% floor7% cap and 4% floor12% cap and 2% floor12% cap and 4% floor122225252728424242.42.4189101112131415161718102021272.42030311233343538373839424344454647414950