Question
1.Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Cash flow
1.Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Cash flow to investors for month 124 after servicing fee is paid is closest to A. $1,928 B. $1,753 C. $1,649 D. $1,592 E. $1,418
2.
Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Cash flow to investors for month 9 after servicing fee is paid is closest to
| A. $1,446 | ||
| B. $1,653 | ||
| C. $1,949 | ||
| D. $1,892 | ||
| E. $1,598 |
3.
Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Cash flow to investors for month 19 after servicing fee is paid is closest to
| A. $1,928 | ||
| B. $1,953 | ||
| C. $1,949 | ||
| D. $1,892 | ||
| E. $1,593
|
4.
Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Cash flow to investors for month 130 after servicing fee is paid is closest to
| A. $1,028 | ||
| B. $1,153 | ||
| C. $1,249 | ||
| D. $1,377 | ||
| E. $1,493 |
Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Cash flow to investors for month 76 after servicing fee is paid is closest to
| A. $1,928 | ||
| B. $1,953 | ||
| C. $1,849 | ||
| D. $1,776 | ||
| E. $1,593 |
Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Cash flow to investors for month 49 after servicing fee is paid is closest to
| A. $2,928 | ||
| B. $2,953 | ||
| C. $1,909 | ||
| D. $1,997 | ||
| E. $1,893 |
Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Cash flow to investors for month 49 after servicing fee is paid is closest to
| A. $2,928 | ||
| B. $2,953 | ||
| C. $1,909 | ||
| D. $1,997 | ||
| E. $1,893 |
Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Cash flow to investors for month 39 after servicing fee is paid is closest to
| A. $2,928 | ||
| B. $2,953 | ||
| C. $2,949 | ||
| D. $2,083 | ||
| E. $1,892 |
Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Scheduled Interest PMT for month 12 is closest to
| A. $446 | ||
| B. $587 | ||
| C. $947 | ||
| D. $891 | ||
| E. $656 |
Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Cash flow to investors for month 110 after servicing fee is paid is closest to
| A. $1,928 | ||
| B. $1,853 | ||
| C. $1,749 | ||
| D. $1,692 | ||
| E. $1,518 |
Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Beginning Principal of month 19 is closest to
| A. $178,237. | ||
| B. $187,942. | ||
| C. $147,304. | ||
| D. $191,542 | ||
| E. $156,500 |
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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen
2nd Edition
0538473452, 9780538473453
