Question: This is the same payoff table used in questions 2-4. Below is a payoff table that lists four mortgage options Decision 1-Year ARM 3-year ARM

This is the same payoff table used in questions

This is the same payoff table used in questions 2-4. 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 $66,645 562,857 $55,895 552.276 Outcomes Rates Stable $43,650 S47,698 $50,894 $52.276 Rates Fall $38,560 $42.726 S48.134 $52.276 5) What is the best payoff rate for the 1-year ARM? O A $36,560 OB 566,645 C. $49,618 0.343.650

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