Question
1. Suppose that a bank found that historically, 5% of the single customers end up serious delinquent (90 or more days past due) on their
1. Suppose that a bank found that historically, 5% of the single customers end up serious delinquent (90 or more days past due) on their mortgage payments, and 8% of the married customers do. Currently, 70% of the mortgage customers are married, and 30% are single. (USING EXCEL)
-What % of the mortgage customers are married and are likely to be seriously delinquent?
-Overall, what % of the mortgages are likely to end up seriously delinquent?
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
