The table shows the specifications of an adjustable rate mortgage (ARM). Assume no caps apply. Find the initial monthly payment; the monthly payment for the second adjustment; and the change in monthly payment at the first adjustment. The principal balance at the time of the first rate adjustment. What is the initial monthly payment? $ (Round to the nearest cent.) What is the monthly payment for the second adjustment period? $ (Round to the nearest cent.) How mu Ch is the increase in monthly payments? $