1. Adjustable Rate Mortgage (ARM): The Loan is for $150,000 for 30 years payable monthly with MPVIFA terms for years 1 through 4 capped at the rates for the respective years at 6%; 9%, 11% and 3%. The market rates are 6%; 11%; 12% and 3%.

Calculate and show Tables 1 &2 for determining the monthly payments and loan balances