Question: c. Consider a fully amortizing mortgage that does not default, nor is it ever curtailed or prepaid. (NB: the HW problem should have added LPM)

c. Consider a fully amortizing mortgage that does not default, nor is it ever curtailed or prepaid. (NB: the HW problem should have added LPM) i. [2 pts] Show that T+1 lim 1': cv where c is the mortgage contract rate. Answer: Since no interest is owed, the constant payment is all principal so

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