Question $103\mathrm{.}6$ pts An ARM loan, Loan Amount $-$ $$250,000$; Monthly

Payments, Index $1$ Year Treasury bill, Index at the end of year $1$ is

$7\%.$ Index at the end of year $2$ is $6\mathrm{.}5\%.$ Index at the end of year $3$

is $8\mathrm{.}0\%.$ One Year Adjustable, Margin $-1\mathrm{.}50\%,$ Term $30$ years.

Interest Rate Caps: annual $2\%$ and life $5\mathrm{.}5\%,$ Teaser Rate $5\%.$ The

loan has Negative amortization. What is monthly payment in year $3?$