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Consider the following pool of morigages: - 100 mortgoges each with inital balance of $214410, interest rate 2.9%, issued for 30 yeara with monthly payments

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Consider the following pool of morigages: - 100 mortgoges each with inital balance of $214410, interest rate 2.9%, issued for 30 yeara with monthly payments - 60 morigoges each with initial balance of $152923, interest rate 2.0%, issuod for 15 years with monthly paymenss What is the Weighted Average Maturity for this pool at origination? Express your aniwer in monthe rounded to 2 decimal points (e. 9 if your answer in 5.6744 months, write 5.67 ). QUESTION 16 A mortgage pool is formed with mortgages With the following charactarisbics and assumptions: - Each mortgape has a balance of $137094 - There are 12 mortgages in pool and all enter it at origination - Eachi morigage in the pool has a 6\% interest rase and are 10 year FRM with annial payments - No prepaymnet - No servicing or guavranteo foe What is the interest paid by the mortgage pool in yoar 1 ? (Note: this ts the same as summing up all the interast payments of the mortgages in the pooi) Wite your answers into rounded cerits. For cocample, if you got 1,421,333.321544, wite in 1421333.32

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