Question 3 10 pts The "option" ARM allow borrowers to choose their mortgage payment. The minimum payment pays no principal, and less interest than what accrues on the loan. Consider a $120,000 loan at 6% interest with 30-year amortization. Below what payment amount would this loan have negative amortization? That is, what monthly payment would only cover the interest? $500 $600 O $700 O $800 O $900