Question: Please help with Excel Formulas MPTS Excel Assignment The Blue Algae Mortgage Company has originated a pool containing 75 ten-year fixed rate mortgages with an
Please help with Excel Formulas 
MPTS Excel Assignment The Blue Algae Mortgage Company has originated a pool containing 75 ten-year fixed rate mortgages with an average balance of $100,000 each with 1% origination fee. The annual interest rate on all loans in the pool is 12% and all loans require monthly payments. Initial Pool Balance Annual Interest Rate Maturity (years) Payments per year $ 7,500,000 12% 10 12000 Question 1: What price should Blue Algae obtain if the pool is sold immediately to an investor with a required annual return of 11% and no prepayment is expected? MPTS
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