ARMs. You get an adjustable-rate mortgage, borrowing $250,000 for 30 years at 7.5%. It is adjustable every 2 years with an adjustment cap of 1%. What are (a) your initial payments and, (b) at the first adjustment period (2 years in), what is the possible range for your new payment? (c)Produce the first 4 lines of the amortization table for the loan.