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Consider the following pool of mortgages: 100 fully amortizing mortgages Original balance $374,856 Fixed rate interest at 2% Issued for 30 years with monthly payments
Consider the following pool of mortgages: 100 fully amortizing mortgages Original balance $374,856 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 107 payments? Round your answer to two decimal points (e.g. if your answer is 1/3, enter 0.33). Consider the following pool of mortgages: 100 fully amortizing mortgages Original balance $374,856 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 107 payments? Round your answer to two decimal points (e.g. if your answer is 1/3, enter 0.33)
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