If 150 of $200,000 mortgages in a $60 million 15-year mortgage pool are expected to be prepaid
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If 150 of $200,000 mortgages in a $60 million 15-year mortgage pool are expected to be prepaid in three years and the remaining 150 of the $200,000 mortgages are to be prepaid in four years, what is the weighted-average life of the mortgage pool? Mortgages are fully amortized with mortgage coupon rates set at 10 percent to be paid annually.
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Related Book For 
Financial Institutions Management A Risk Management Approach
ISBN: 9781266138225
11th International Edition
Authors: Anthony Saunders, Marcia Millon Cornett, Otgo Erhemjamts
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