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A mortgage pool is formed with mortgages with the following characteristics and assumptions: Each mortgage has a balance of $63,094 There are 80 mortgages in

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A mortgage pool is formed with mortgages with the following characteristics and assumptions: Each mortgage has a balance of $63,094 There are 80 mortgages in pool and all enter it at origination Each mortgage has a 4% interest rate and are 10 year FRM with annual payments Prepayment rate: 6% CPR Servicing and guarantee fee rate (total for both): 0.8% What is the servicing and guarantee fee payment in year 17 Write your answers into rounded cents. For example, if you get 1,421,333.321544, write in 1421333.32

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