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 answer-question

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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Posted Date: Oct 09, 2020 01:46 AM

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Assume that after the first 5 months, there is a principal balance of $98,500,000 remaining in the

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a Prepayments will be 375000 b Principal balance at the beginning of the 7th month will be ... View the full answer

Business Statistics a decision making approach

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