Question: ( 2 0 pts ) Calculate the CPR and SMM using the 1 6 5 % PSA schedule for months t = 1 through t

(20

pts

)

Calculate the CPR and SMM using the

165 %

PSA schedule for months t

= 1

through t

= 30 .

Display your results in a table below with four columns labeled, from left to right, t

,

PSA, CPR

,

SMM

.

You can use an Excel spreadsheet to calculate this for the homework but be sure you know how to perform this calculation manually for the exam on chapters

4

8 .

Cut and paste the table from your Excel spreadsheet

(

if you use it

)

into the Word document below. CPR and SMM must be expressed as decimals not as percentages.

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