Consider the following APM with 30 -year maturty, MONTHLY payments, and AVWUNL adjuntrents. The NPM has inctial interest rate (in the first yean) of 25%, inder is SOFR that curreney stands at 2 of Mergin is 200 basis points. and there is 2% "cap" per jump. The loan amount is $250,000. Aswume that SOFR rates reman the surne Proughout the loan term. What are the monthly loan payments in the second year, after the frut rate resen? A $1,187 8. $1,425 C. $1,000 D. $475 E. $3,562