Question 5 1 pts Assume you borrow an ARM of $120,000 for 30 years. Given initial interest rate-5% margir 200 basis points, index rate at EOY1-6%, EOY2-4.5%, an annual rate cap -250 basis points, and the lender charges 3 points upfront, what is the appropriate interest rate to determine payment for year 2? 5% 7.5% 6.5% 5.5% Puestion 6 sume you borrow an ARM of $120,000 for 30 years. Given initial interest rate=5%; margin=200 basis points, index 1= 6%, EOY2=4.5%, an annual rate cap = 250 basis points, and the lender charges 3 points upfront, what is the me