5 pts Question 16 Lary is considering an ARM loan offered by a local lendet The loan amount is $300,000. The term of the loan is 10 years. The Index today is 2x. The margin on the loan is 2%. The teaser (first year only is 1%. The composite rate adjusts annually and is subject to annual and lifetime caps of 2% and 5% The loan does not provide for negative amortisti nor does it provide floors. The loan requires 2 points at origination. The prevailing rate in the market for similar FRM loans is 6.25%. Assume the following forecast of index rates. What is the amount of the payment due in each of months 37 through 487 Hint: Don't reinvent the wheel to answer this question. Look for resources in the Modules that con greatly reduce the time required to colkulate the answer Index Rate Year Forecast 2.00% 1 3 VONO 5 225% 2.50% 3.10% 4.15% 5.50% 5.50% 7.50X 8.00% 7.10% 7 8 9 3.100.97 Question 17 5 pts What is the expected yield to the tender at origination from Lary's ARM loan assuming no prepayment? Question 18 5 pts At the start at year 2. what is the market value of Lars ARM loan ata required yield of 5.5% sumine no prenament