Consider a one-year (1/1), $150,000 ARM with a 30-year amortization period. The index rate is currently 3 percent, and you estimate that it will increase by 25bp each year for the following 2 years. The fixed margin is 200bp, but the lender is offering a teaser rate of 4 percent. Calculate the payment of the loan in year 1 and year 2 O Year 1: $-716.12 Year 2: $812.92 O Year 1: $-716.12 Year 2: $825.36 O Year 1: $-716.12 Year 2: $728.96 O Year 1: $-716.12 Year 2: $828.31