The ARM indodes a periodic rale cap of 2% per adjustment pesiod. What is the monttly payment aduatrent at the end of the frat year? The monitily payment adjustient at the end of the fint year is $ The monthly payment adjustreent at the end of the frot year is 1 (Rount the final answer to the nearest cent as needed. Round all intermadate values to the nearest cent as naeded)