Question: You Purchase a house for $ 4 0 0 , 0 0 0 using a 3 0 year adjustable - rate mortgage that makes monthly

You Purchase a house for $400,000 using a 30 year adjustable-rate mortgage that makes monthly payments with an annualized interest rate of 12%. After 9 years the interest rate changes to 15% ar after an additional 11 years the interest rate changes to 3%.
1. How much are the monthly mortgage payments under each interest rate ?
2. Explain how the changes in time, interest rate and principal change the monthly mortgage payments ?
(If able to please do this using excel)
You Purchase a house for $400,000 using a 30 year adjustable-rate

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