A bank pools 30000000 in mortgage principal that pays an


A bank pools $30,000,000 in mortgage principal that pays an aggregate coupon of 4.1% per annum. Assuming the mortgages are interest only, how much principal will remain in the pool at the end of month 8 assuming 100% PSA.

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Finance Basics: A bank pools 30000000 in mortgage principal that pays an
Reference No:- TGS0796108

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