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Please answer both with working out. Thank you
Assume that you borrow a 20-year mortgage of $300,000. The mortgage rate is 9%. What is the closing mortgage balance in the first month? Upload Choose a File Question 2 Assume the single month mortality rate of a mortgage and the MBS) is 0.02 in the first month. We also have the following data regarding the MBS: Die Original balance: $200,000,000 Pass-through rate: 99 WAM: 357 months WAC: 9.650 What is the prepayment in the first month of the MBSStep by Step Solution
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