review x + 90% ed EC580 Quizzes for ... m Fall 2020 EC580-74... Question 9 Complete Marked out of 6.00 Flag question Assume the following for a one-year adjustable rate mortgage loan that is tied to the one-year Treasury rate: Loan amount: $150,000 Annual rate cap: 1% Overall rate cap: 5% Margin: 2.75% First-year contract rate (Teaser rate): 3.25% One-year Treasury rate at end of year 1: 2.0% One-year Treasury rate at end of year 2: 2.25% Loan term: 30 years Given these assumptions, calculate the following: 1), Year 1 interest rate: % 2). Year 2 interest rate: - % 3). Year 3 interest rate: % 4), Year 1 monthly payment: $ 5), Loan balance end of Year 1: $ 6). Year 2 monthly payment: $ Vonando aldent h Lar ODD 000 74 4) FS F6 F7 F8 F9 F10 FIV % 1 & * review x + 90% ed EC580 Quizzes for ... m Fall 2020 EC580-74... Question 9 Complete Marked out of 6.00 Flag question Assume the following for a one-year adjustable rate mortgage loan that is tied to the one-year Treasury rate: Loan amount: $150,000 Annual rate cap: 1% Overall rate cap: 5% Margin: 2.75% First-year contract rate (Teaser rate): 3.25% One-year Treasury rate at end of year 1: 2.0% One-year Treasury rate at end of year 2: 2.25% Loan term: 30 years Given these assumptions, calculate the following: 1), Year 1 interest rate: % 2). Year 2 interest rate: - % 3). Year 3 interest rate: % 4), Year 1 monthly payment: $ 5), Loan balance end of Year 1: $ 6). Year 2 monthly payment: $ Vonando aldent h Lar ODD 000 74 4) FS F6 F7 F8 F9 F10 FIV % 1 & *