Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single
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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 19 after servicing fee is paid is closest to A. $1,928 B. $1,953 C. $1,949 D. $1,892 E. $1,593
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