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Consider the following pool of mortgages: 100 mortgages each with initial balance of $182449, interest rate 3.3%, issued for 30 years with monthly payments 80
Consider the following pool of mortgages:
100 mortgages each with initial balance of $182449, interest rate 3.3%, issued for 30 years with monthly payments
80 mortgages each with initial balance of $114129, interest rate 3.2%, issued for 15 years with monthly payments
What is the Weighted Average Maturity for this pool at origination? Express your answer in months rounded to 2 decimal points
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Investment Science
Authors: David G. Luenberger
1st Edition
0195108094, 978-0195108095
