This is the same payoff table used in questions 2 and 3. Below is a payoff table that lists four mortgage options: Decision 1-year ARM 3-year ARM 5-year Arm 30-year fixed Rates Rise $66,645 $62,857 $55,895 $52,276 Outcomes Rates Stable $43,650 $47,698 $50,894 $52,276 4) Which of the following decisions has the best average payoff? A. 3-year ARM B. 1-year ARM C. 5-year ARM D. 30-year Fixed Rates Fall $38,560 $42,726 $48,134 $52,276
This is the same payoff table used in questions 2 and 3. Below is a payoff table that lists four mortgage options: Decision 1-year ARM 3-year ARM 5-year Arm 30-year fixed Rates Rise $66,645 $62,857 $55,895 $52,276 Outcomes Rates Stable $43,650 $47,698 $50,894 $52,276 4) Which of the following decisions has the best average payoff? A. 3-year ARM B. 1-year ARM C. 5-year ARM D. 30-year Fixed Rates Fall $38,560 $42,726 $48,134 $52,276
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![This is the same payoff table used in questions 2 and 3. Below is a payoff table that lists four mortgage options:
Decision
1-year ARM
3-year ARM
5-year Arm
30-year fixed
Rates Rise
$66,645
$62,857
$55,895
$52,276
Outcomes
Rates Stable
$43,650
$47,698
$50,894
$52,276
4) Which of the following decisions has the best average payoff?
CA. 3-year ARM
B. 1-year ARM
CC. 5-year ARM
CD. 30-year Fixed
Rates Fall
$38,560
$42,726
$48,134
$52,276](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2fe58e14-f4bd-4164-a49c-f5fb56792a26%2Fc58cf7fe-bf39-46fd-af23-080b4d474f6e%2F0k8hrbj_processed.png&w=3840&q=75)
Transcribed Image Text:This is the same payoff table used in questions 2 and 3. Below is a payoff table that lists four mortgage options:
Decision
1-year ARM
3-year ARM
5-year Arm
30-year fixed
Rates Rise
$66,645
$62,857
$55,895
$52,276
Outcomes
Rates Stable
$43,650
$47,698
$50,894
$52,276
4) Which of the following decisions has the best average payoff?
CA. 3-year ARM
B. 1-year ARM
CC. 5-year ARM
CD. 30-year Fixed
Rates Fall
$38,560
$42,726
$48,134
$52,276
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