You put a 10-year ARM at a rate of 5.25. The rate is adjusted each year to the year T-bill rate plus W. The loan has a 19 annual cap. One year later the bill rate is 5.23. 2 years the T-bill rate is 6.47. What is your interest rate for the third year? 5.25% 5.73 6.97 QUESTION 10 You get a 30-year ARM at a rate of 5.25M. The rate adjusted each year to the 1 year T-balrate plus W. The loan has an annual cap. One year later the T-bitrate is 5.234. In 2 years the Tbiltrate is 647. What is your interest rate for the third year? 5.25 0 5,73 06.07 6,73