Consider a 1/1 ARM loan at the very beginning of its second year. The loan was initially a $275,000, 30-year loan with an 8.2% initial rate. Going into the second year, the loans rate rises to 9.5%/year. (a) Calculate what the monthly payment will now be in the absence of any payment or interest-rate caps. (b) Suppose that the payment cap is 8% per year. In other words, payments can only increase