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Use the Below Payoff Table with Four Mortgage Options to Answer

Question 20

Multiple Choice

Use the below payoff table with four mortgage options to answer the following question(s) . Use the below payoff table with four mortgage options to answer the following question(s) . -Which of the following decisions has the best average payoff? A) 1-year ARM B) 3-year ARM C) 5-year ARM D) 30-year fixed
-Which of the following decisions has the best average payoff?


A) 1-year ARM
B) 3-year ARM
C) 5-year ARM
D) 30-year fixed

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