Question: This is the same payoff table as Question 2 - Below is a payoff table that lists four mortgage options: Decision 1-year ARM 3-year ARM

This is the same payoff table as Question 2 -

This is the same payoff table as Question 2 - 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 Rates Fall $38,560 542,726 $48,134 $32,276 3) What is the average payoff for the 5-year ARMY O A 551,541 $53,395 $62.015 OD 149,514

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