Homework: Section 13.4 Homework Save Score: 0 of 1 pt 9 of 16 (4 complete) HW Score: 25%, 4 of 16 pts 13.4.49 Question Help James Kinchen has a 1-year ARM for $190,000 over a 30-year term. The margin is 2% and the index rate starts out at 2.6% and increases to 5.0% at the first adjustment. The balance of principal at the end of the first year is $186,646.94. The ARM includes a periodic rate cap of 2% per adjustment period. What is the monthly payment adjustment at the end of the first year? The monthly payment adjustment at the end of the first year is $0 (Round the final answer to the nearest cent as needed. Round all interiediate values to the nearest cent as needed.) X 10 vo yo More Enter your answer in the answer box and then click Check