Assume that after the first 5 months, there is a principal balance of $98,500,000 remaining in the
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Assume that after the first 5 months, there is a principal balance of $98,500,000 remaining in the mortgage pool.
In the 6th month, $250,000 of principal will be paid down. Assuming a PSA of 150, what will prepayments be?
b. For the problem above, what will be the principal balance at the beginning of the 7th month?
Related Book For
Business Statistics a decision making approach
ISBN: 978-0133021844
9th edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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