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Consider the following pool of mortgages: 100 fully amortizing mortgages Original balance $668,018 Fixed rate interest at 4% Issued for 30 years with monthly payments

Consider the following pool of mortgages:

100 fully amortizing mortgages

Original balance $668,018

Fixed rate interest at 4%

Issued for 30 years with monthly payments

Assuming there are no prepayments, what do you predict the pool factor will be after 64 payments? Round your answer to two decimal points (e.g. if your answer is 1/3, enter 0.33).

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