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Consider the following pool of mortgages: 100 fully amortizing mortgages Original balance $209,170 Fixed rate interest at 2% Issued for 30 years with monthly payments

Consider the following pool of mortgages:

  • 100 fully amortizing mortgages
  • Original balance $209,170
  • Fixed rate interest at 2%
  • Issued for 30 years with monthly payments

Assuming there are no prepayments, what do you predict the pool factor will be after 127 payments? Round your answer to two decimal points (e.g. if your answer is 1/3, enter 0.33).

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