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APO and 10 class of securities is formed backed by a $7.500,000 pool of 10 -year FRMs making annuat payments with a 10 : insorest

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APO and 10 class of securities is formed backed by a $7.500,000 pool of 10 -year FRMs making annuat payments with a 10 : insorest rate. There are no peepayreents or serviceriguarantee fee. What is the present value of the PO class if the discount/market rate is 9% ? Excel is mecommended for this probiem

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