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noel

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发表于 2011-7-13 15:23 | 显示全部帖子

1 Q - Fixed Income

principal, scheduled, mortgage, balance, payment
The single-monthly mortality rate (SMM) is equal to 0.003.
The mortgage balance for March is $250 million.
The scheduled principal payment is $3 million in March, and $3 million in April.

Calculate April's estimated prepayment.

 

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