Use Template Below To Answer Question Below. Please Included All Formula You Entered Into Template in Excel. $600,000 10-year 3/1 ARM loan that is fully-amortizing with monthly payments. The loan terms include a teaser rate of 2.0%. After the initial teaser rate period, the interest rate resets annually to the index rate plus a margin of 1.50%. The loan terms also include an annual interest rate cap of 2.0% and a lifetime interest rate cap of 6.0% over the initial teaser rate. Calculate the appropriate contract rate for years 1 10 Template Used In Excel Year 1 Index Contract 0.00% 0.00% 0.00% 2 3 4 0.00% 5 6 7 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8 9 10 Use Template Below To Answer Question Below. Please Included All Formula You Entered Into Template in Excel. $600,000 10-year 3/1 ARM loan that is fully-amortizing with monthly payments. The loan terms include a teaser rate of 2.0%. After the initial teaser rate period, the interest rate resets annually to the index rate plus a margin of 1.50%. The loan terms also include an annual interest rate cap of 2.0% and a lifetime interest rate cap of 6.0% over the initial teaser rate. Calculate the appropriate contract rate for years 1 10 Template Used In Excel Year 1 Index Contract 0.00% 0.00% 0.00% 2 3 4 0.00% 5 6 7 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8 9 10