A borrower takes out a 30-year adjustable rate mortgage loan for $335,000 with monthly payments. The first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. On the reset date, the composite rate is 6% (at the end of year 2). Assume that the loan allows for negative amortization. What would be the outstanding balance on the loan at the end of Year 3?

Please answer it with excel