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Assume an investor has invested a mortgage pool with $ 1 0 0 , 0 0 0 principal balance outstanding. The scheduled monthly principal payment

Assume an investor has invested a mortgage pool with $

100, 000

principal balance outstanding. The scheduled monthly principal payment is $

28.61 .

If the single

-

month mortality rate is

. 5143 % .

What is the estimated prepayment for the month?

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