Question: PLEASE HELPP! 1st image is the question 2nd image is an example answer 1. Adjustable Rate Mortgage (ARM): The Loan is for $150,000 for 30

PLEASE HELPP!
1st image is the question 2nd image is an example answer
PLEASE HELPP! 1st image is the question 2nd image is an example
answer 1. Adjustable Rate Mortgage (ARM): The Loan is for $150,000 for

1. Adjustable Rate Mortgage (ARM): The Loan is for $150,000 for 30 years payable monthly with MPVIFA terms for years 1 through 4 capped at the rates for the respective years at 6%;9%,11% and 3%. The market rates are 6%;11%; 12% and 3% Calculate and show Tables 1&2 for determining the monthly payments and loan balances (see solution for handout problems on D2L for layout) Table 1: Monthly Payments and Loan Balances (\$): LoanBalance200,000197381.82197363.77199842.25208958.06203832.29n123456Terms8%,2510%,2412%,2313%,226%,21MPVIFA129.5645315109.005049293.5834610386.93940934143.0908062MP1543.631810.762108.962298.631460.31 Year 2 LB: 200,000-2618.18= 197381.82 Table 2: Amortization Table for years 1 through 5: \begin{tabular}{lcccccc} N Monthly Rate & Monthly Interest & Monthly Amortization MP-Interest & & MFVIFA Annual \\ \multicolumn{3}{c}{ Amortization } \\ 1 & .08/12LB= & 1333.33 & 210.30 & x & 12.44992727 & \multicolumn{2}{c}{2618.18} \\ 2 & .11/12 & 1809.33 & 1.43 & 12.62387313 & 18.05 \\ 3 & .14/12 & 2302.58 & 193.62 & 12.80074609 & 2478.48 \\ 4 & .18/12 & 2997.63 & 699.00 & 13.04121143 & 9115.81 \\ 5 & .06/12 & 1044.79 & 415.52 & 12.33556237 & 5125.77 \end{tabular} 1. Adjustable Rate Mortgage (ARM): The Loan is for $150,000 for 30 years payable monthly with MPVIFA terms for years 1 through 4 capped at the rates for the respective years at 6%;9%,11% and 3%. The market rates are 6%;11%; 12% and 3% Calculate and show Tables 1&2 for determining the monthly payments and loan balances (see solution for handout problems on D2L for layout) Table 1: Monthly Payments and Loan Balances (\$): LoanBalance200,000197381.82197363.77199842.25208958.06203832.29n123456Terms8%,2510%,2412%,2313%,226%,21MPVIFA129.5645315109.005049293.5834610386.93940934143.0908062MP1543.631810.762108.962298.631460.31 Year 2 LB: 200,000-2618.18= 197381.82 Table 2: Amortization Table for years 1 through 5: \begin{tabular}{lcccccc} N Monthly Rate & Monthly Interest & Monthly Amortization MP-Interest & & MFVIFA Annual \\ \multicolumn{3}{c}{ Amortization } \\ 1 & .08/12LB= & 1333.33 & 210.30 & x & 12.44992727 & \multicolumn{2}{c}{2618.18} \\ 2 & .11/12 & 1809.33 & 1.43 & 12.62387313 & 18.05 \\ 3 & .14/12 & 2302.58 & 193.62 & 12.80074609 & 2478.48 \\ 4 & .18/12 & 2997.63 & 699.00 & 13.04121143 & 9115.81 \\ 5 & .06/12 & 1044.79 & 415.52 & 12.33556237 & 5125.77 \end{tabular}

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