Question
Assume that after the first 5 months, there is a principal balance of $98,500,000 remaining in the mortgage pool. In the 6th month, $250,000 of
Assume that after the first 5 months, there is a principal balance of $98,500,000 remaining in the mortgage pool.
In the 6th month, $250,000 of principal will be paid down. Assuming a PSA of 150, what will prepayments be?
b. For the problem above, what will be the principal balance at the beginning of the 7th month?
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a Prepayments will be 375000 b Principal balance at the beginning of the 7th month will be ...
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Business Statistics A Decision Making Approach
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
9th Edition
013302184X, 978-0133021844
