Please write solving explanation asap. Thank you

A borrower takes out a loan that is a 7/1 hybrid and they have caps of 3/2/6. If the starting rate is 5%, what would be the highest interest rate the loan could go up to? a) 0.07 b) 0.08 c) No limit d) 0.11 Correct: d If a borrower chooses to take an interest-only loan with a rate of 5.5% and a payment of $1,650. What would be their principal loan amount? a) 594000 b) 33123 c) 360000 d) 90750 Correct: c 4439 05/02/20 17:43:20 How much will a seller contribute with a 6% concession on a loan of $150,000 and a home purchase amount of $170,000? a) 9000 b) $$4,500.00 c) 10200 d) 7500 Correct: c Which of the following would be considered a Higher Priced Mortgage Loan if the APOR is 6%? a) 0.0775 b) 0.07 c) 0.065 d) 0.06 Correct: a All folders are up to date. Connected to: Microsoft Exchange Eb -- + 100%