Moving to the next question prevents changes to this answer estion 35 10 points aven An interest-only ARM is made for $200,000 for 30 years. The start rate is 5 percent and the borrower will make monthly interest-only payments for three years Payments thereafter must be sufficient to buy amortize the loan at maturity a If the borrower makes interest only payments for three years, what will the payments be? b. Assume that at the end of year 3, the rest rate is 6 percent. The borrower must now make payments so as to fully amorte the loan What will the parents For the toolbar press ALT+F10 (PC) ALTOFN+F10 (Mac). TTT Anal3 (121) T.EE . . 2.25 path p GURAS Moving to the next question prevents changes to this answer Jl $200,000 for 30 years. The start rate is 5 percent and the borre t-only payments for three years, what will the payments be? ar 3, the reset rate is 6 percent. The borrower must now make paym PC) or ALT+FN+F10 (Mac). (12pt) T- - E o s events changes to this