Question: help needed please Use the information below to answer the following question(s). Below is a payoff table that lists four mortgage options: image: The probability

help needed please help needed please Use the information below to answer the following question(s).

Use the information below to answer the following question(s). Below is a payoff table that lists four mortgage options: image: The probability of rates rising is 0.6 , rates stable is 0.3 , and rates falling is 0.1 . Which of the following is considered the best expected value decision? 5-year ARM 1-year ARM 3-year ARM 30-year fixed

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