Question Two Joseph would like to borrow Sh. 114,000 using an adjustable-rate mortgage instrument with 15-year amortization schedule, payable monthly, 4.50% initial interest rate, 2%margin and 32 annual interest rate cap: Assume that the loan is indexed to the 1-year Treasury rate, and that this index is expected to have a value of 5% at the end of the first year and 7.5% at the end of the second year. Joseph's expected holding period is 3 years. Required For the first three years calculate: ( PMT () The mortgage ending balance (15 marks)