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Question 12 Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The
Question 12
Consider a 15-year, $200,000 mortgage. The fixed interest rate is 2.85%. Servicing fee is 0.5%. Starting Single Monthly Mortality SMM = 0.2%. The Cash flow to investors for month 76 after servicing fee is paid is closest to
| A. $1,928 | ||
| B. $1,953 | ||
| C. $1,849 | ||
| D. $1,776 | ||
| E. $1,593 |
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