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b) A 3/1 ARM is made for SEK 2 000 000 at 5 percent with a 30-year maturity. (8p) i. Assuming that fixed payments are to be made monthly for three years and that the loan is fully amortizing, construct loan amortization schedule and show monthly payments for the first three years? What will be the loan balance after 3 years? ii. What would new payments be beginning in year 4 if the interest rate fell to 4 percent and the loan continued to be fully amortized? iii. In (i) What would be the monthly payments be during year 1 if they were interest only? What would payments be beginning in year 4 if interest rates fell to 4 % and the loan become fully amortizing