stoke on a study question looking for some help

Q4: fill-in-the-blanks Fill in ALL 5 rate fields based on the YEARS MARGIN INDEX CAPS RATE COMMENTS information provided. Pay close attention START 29% 3.5% n/a 5.5 % The caps do not yet apply as the rate is being established. to the Index and Comments columns. 1-5 296 n/a n/a 5.5 % Rate remains fixed for the first 5 years Include decimal point with your 296 6 29% 5% ?.? 9% Index increases from 3.5% to 5% answers. Ex. 5.0 Incorrect P.? % The index rate drops from 5% to 3.59% Use the cap information to get what the fully indexed rate shoHint: first increase is 1.5% and each Index increases from 3% to 5% (R=1+M). subsequent adjustment is 1% up/down. Just add the % increase/decrease to previous rate. % Index increases from 5% to 7% Background information: ?.? Try Again penndick Index jumps from 79% to 12% . 5/1 ARM Rates will vary remainder of loan, They . 2/1/5 cap 11-15 Varies Comment nia will be no higher than 8.5% + 2%% = 10.5% and no lower than the 2% margin. 15 year loan SUBMIT NEXT X HELPQ4: fill-in-the-blanks Fill in ALL 5 rate fields based on the YEARS MARGIN INDEX CAPS RATE COMMENTS information provided. Pay close attention START 29% 3.5% n/a 5.5 % The caps do not yet apply as the rate is being established. to the Index and Comments columns. 1-5 n/a n/a 5.5 % Rate remains fixed for the first 5 years Include decimal point with your 5% 29% ?.? (initial) 9% Index increases from 3.5% to 5% answers. Ex. 5.0 1% 7 29% 3.5% ?.? Use the cap information to determine (periodic) % The index rate drops from 5% to 3.5% 1 96 what the fully indexed rate should be 296 596 ?.? (periodic) % Index increases from 3% to 5% (R=1+M). 1 9% 9 296 79% ?.? 9% (periodic) Index increases from 5% to 7% Background information: 19% 10 2% 129% ?.? : 5/1 ARM (periodic) 9% Index jumps from 7% to 12% See Rates will vary remainder of loan, They . 2/1/5 cap 11-15 296 Varies n/a Comment will be no higher than 8.5% + 2% = 10.5% and no lower than the 2% margin. . 15 year loan SUBMIT