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1, (10 points) Assume Cm = 0.10 /12- . Calculate the mortgage balance after 5 and 10 years, for a level-payment, fixed-rate mortgage with
1, (10 points) Assume Cm = 0.10 /12- . Calculate the mortgage balance after 5 and 10 years, for a level-payment, fixed-rate mortgage with maturity n = 360 months and principal MB = 100,000. 2, (10 points) Assume Cm = 0.10/12 and consider a level-payment, fixed-rate mortgage with maturity n = 360 months and principal MB = 100,000. Calculate the expected cash flows generated by the mortgage for the first three months, assuming a 100% PSA experience. ==
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