Question: Mortgages as an Asset Class for Securitization Consider a 30-year, monthly-pay, amortizing mortgage. Assume that A is the original balance, r is the interest rate,

Mortgages as an Asset Class for Securitization Consider a 30-year, monthly-pay, amortizing mortgage. Assume that A is the original balance, r is the interest rate, and N is the number of months in the contract. Derive the formula for the monthly payment and the monthly amount of principal and interest

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