Question
Consider the following pool of mortgages: 100 fully amortizing mortgages Original balance $472,755 Fixed rate interest at 3% Issued for 30 years with monthly payments
Consider the following pool of mortgages:
- 100 fully amortizing mortgages
- Original balance $472,755
- Fixed rate interest at 3%
- Issued for 30 years with monthly payments
Assuming there are no prepayments, what do you predict the pool factor will be after 72 payments? Round your answer to two decimal points (e.g. if your answer is 1/3, enter 0.33).
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
