Use the below payoff table with four mortgage options to answer the following question(s).
-What is the average payoff for the 5-year ARM?
A)$55,046
B)$57,724
C)$53,406
D)$51,448

Name: Use the below payoff table with four mortgage options to answer the following question(s). -What is the average payoff for the 5-year ARM? A)$55,046 B)$57,724 C)$53,406 D)$51,448
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Question

Use the below payoff table with four mortgage options to answer the following question(s). 
-What is the average payoff for the 5-year ARM?
A)$55,046 
B)$57,724 
C)$53,406 
D)$51,448

Quizplus · Accepted Answer

The average payoff for the 5-year ARM is calculated based on the given options, and $53,406 is the correct average payoff amount.

Use the Below Payoff Table with Four Mortgage Options to Answer