Homework: Section 13.4 Homework Score: 0 of 1 pt 7 of 16 (10 complete) HW Score: 54.69%, 8.750 Question Hell 13.4.45 The table shows the specifications of an adjustable rate mortgage (ARM). Assume no caps apply. Find a) the initial monthly payment; b) the monthly payment for the second adjustments and c) the change in monthly payment at the first adjustment *The principal balance at the time of the first rate adjustment Beginning Balance Term Initial index rate Margin Adjustment period Adjusted index rate *Adjusted balance 575.000 20 years 5.3% 2.7% 1 year 6.8% 573 414.75 What is the initial monthly payment? (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer Check Answer Clear All 2 parts remaining o E o in