Question: This is the same payoff table from questions 2-5. Below is a payoff table that lists four mortgage options: Decision 1-year ARM 3-year ARM 5-year

This is the same payoff table from questions 2-5.

This is the same payoff table from questions 2-5. Below is a payoff table that lists four mortgage options: Decision 1-year ARM 3-year ARM 5-year Arm 30-year fixed yed 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 $42,726 $48,134 $52,276 What is the worst payoff rate for the 5-year ARM? CA. $50,894 B. $51,641 C. $48,134 D. $55,895

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