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The outstanding balance on a mortgage last month was $400,486.08. The scheduled principal payment was $1,538.29. The balance is now $393,947.79. After calculating the SMM,
The outstanding balance on a mortgage last month was $400,486.08. The scheduled principal payment was $1,538.29. The balance is now $393,947.79. After calculating the SMM, use it to get the CPR. What is the CPR
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