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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 $157,000,30-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 (BOn 2 = 7 percent: (BO Y 3=8.5 percent: (BOY)4=9.5 percent: (BOY)5 i 11 percent Required: a. Compute the payments and loan balances for the unrestricted ARM for the five-year period. b. Compute the yield for the unrestricted ARM for the flve-year period. Complete this question by entering your answers in the tabs below. Compute the payments and Larn balances for the unrestricted ARM for the five-year period: Notef Oo not round intermediate calculations. Round "Payments" to 2 . decimal places and "Loan thalance" to the nearest dollar amount 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 $157,000,30-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: (BO ) 3=8.5 percent (BOY)4=9.5 percent: (BO ) 5=11 percent. Required: a. Compute the payments and loan balonces for the uncestricted ARM for the five-year period. b. Compute the yield for the unrestricted ARM for the five-year period. Complete this question by entering your answers in the tabs below. Compute the yleld for the unrestricted ARM for the five-year period. Note: Do not round intermediate calculabons. Round your final answer to 2 decimal places