millie has a 1 year ARM for 110,000 over a 20 year term. the margin is 2% amd tje omdex rate starts out at .5% and increases to 3.0% at the first adjustment. the balance of the principal at the end of the first year is $105, 706.34. The ARM includes a periodic rate cap of 2% per adjustment period. 41A) find the interest owed b) the monthly payment due for the first month of the first year