if possible, may you please work these by hand and explain them? Thank you kindly.

Assume you borrow an ARM of $80,000 for 30 years. Given initial interest rate 5%, margins 2%, index rate at EOYI-696, EOY2-4.5%, an annual rate cap-296, and the lender charges 3 points upfront, what is the loan balance at the end of year 2 (24th month)? 73.422 74.958 ed 76,386 ver 77.952 0/1 pts Question 6 Assume you borrow an ARM of $80,000 for 30 years. Given initial interest rate 5%, margin-2%, index rate at EOY1-6%, EOY2-4.5%, an annual rate cap-2%, and the lender charges 3 points upfront, what is the effective cost of the loan (EAR) if it is repaid at the end of year 2? Assume you borrow an ARM of $80,000 for 30 years. Given initial interest rate 5%, margins 2%, index rate at EOYI-696, EOY2-4.5%, an annual rate cap-296, and the lender charges 3 points upfront, what is the loan balance at the end of year 2 (24th month)? 73.422 74.958 ed 76,386 ver 77.952 0/1 pts Question 6 Assume you borrow an ARM of $80,000 for 30 years. Given initial interest rate 5%, margin-2%, index rate at EOY1-6%, EOY2-4.5%, an annual rate cap-2%, and the lender charges 3 points upfront, what is the effective cost of the loan (EAR) if it is repaid at the end of year 2