Question
Consider the following mortgage: Loan amount $264,930 30 year maturity with monthly payments Fully amortizing Fixed interest rate at 4% Suppose the investors use 50%
Consider the following mortgage:
- Loan amount $264,930
- 30 year maturity with monthly payments
- Fully amortizing
- Fixed interest rate at 4%
Suppose the investors use 50% PSA model to predict prepayments. What would be their prediction for the dollar amount of prepayments in the first month? Round your answer to the nearest cent (e.g. if you answer is $1,400.677777, write 1400.68).
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Venture Capital And The Finance Of Innovation
Authors: Andrew Metrick, Ayako Yasuda
3rd Edition
1119490111, 978-1119490111
