Calculate the payments for year 1 through 5 for a GPM with the following characteristics. Property appraised value by bank: 200,000 LTV approved: 85% Rate of graduation each year after first: 5% The GPM is structured with respect to a FRM with interest rate 9.5%, 30 years monthly amortizing Use the following table to calculate the first year's payment Interest rate Growth rate for the first 5 years 0.050 9 9.5 10 0.006671 0.006986 0.007305 0.075 0.006079 0.006372 0.006670 0.010 0.005543 0.005816 0.006094