Question 9 1 pt Given the following Adjustable Rate Mortgage (ARM); Loan amount: $100,000 Term 20 years, monthly payment Discount point: 0 Origination fee: $8,000 Teaser rate: 7.5% Margin: 225 basis points Rate caos 2.5% annually. 6% lifetime Market Index EOY 1 2 3 index 8.6% 9.5% 10.5% 4 5 10.5% 11.5% What is the effective cost of this loan if you pay it off at the end of year 2? 10 33% 12.05 Question 10