what is the mortgage rate for year 2?

what is the mortgage rate for year 3?

what is the mortgage rate for year 4?

pts A 30 year, tuly amortizing $200,000 adjustable rate mortgage (ARM) with the following term: Initial interest rate-5.5%, index-1-year Treasuries, Payment reset each year, Margin=2%, interest rate cap-1% annually and 3% Vietime, discount points-2%. The index is as follows, end of year 1 to end of year 3: 5%, 6.5% and 7.5%. Negative 21. What is the mortgage rate for year 1