Question: Below is a cash flow projection on a sequential-pay CMO, which has four tranches, A through ( D ). Assume the four tranches get paid

 Below is a cash flow projection on a sequential-pay CMO, which

Below is a cash flow projection on a sequential-pay CMO, which has four tranches, A through \\( D \\). Assume the four tranches get paid in the order of \\( A \ ightarrow B \ ightarrow C \ ightarrow D \\). In this month tranche \\( A \\) has an outstanding balance of 63,000 and \\( B \\) has an outstanding balance of 45,000 . What is the principal payment towards tranche \\( B \\) in this month? Enter your answer in thousands of dollars, with no decimals. For example, if your answer is \\( \\$ 40,000 \\). then enter 40

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!