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1. (20 pts) Calculate the CPR and SMM using the 225% PSA schedule for months t=1 through t=30. Display your results in a table below

1. (20 pts) Calculate the CPR and SMM using the 225% PSA schedule for months t=1 through t=30. Display your results in a table below with four columns labeled, from left to right, t, PSA, CPR, SMM. You can use an Excel spreadsheet to calculate this for the homework, but be sure you know how to perform this calculation manually!

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