Use the following information to answer the next two questions: You purchase a house for $276,000 financed via an 80% LTV adjustable rate mortgage (ARM) amortized over 30 years (monthly payments) with an initial non-teaser composite interest rate of 1.8%. The loan has an annual adjustment period, is indexed to the one-year Treasury Bill, carries a margin of 1.5%, and has an interest rate cap and floor of 1%/5%. The one-year T-bill rate at the start of year 2 is 1%, and the one-year T-bill rate at the start of year 3 is 2.25%. D Question 22 4 pts Compute the payment in year 2 O $712.63 $824.57 $870.02 $967.01 $992.77