Create an amortization schedule using the following assumptions: Loan term; 25 year - ARM Purchase price: $130,000 Down payment: 5% Interest Rate: Year 1 - 12% Year 2-8% $123,500 $114,000 $130,000 Onone of the above QUESTION 12 Using the assumptions in question #11, what is the loan balance in year 2? $122,457 O $122.150 $130,000 none of the above