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What is the monthly payment on the mortgage pass-through

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Reference no: EM132940985

Question - Hundred identical mortgages are pooled together into a pass-through security. Each mortgage has a $150,000 principal, a fixed annual interest rate of 8 percent (paid monthly), and is fully amortized over a term of 30 years. What is the monthly payment on the mortgage pass-through?

Reference no: EM132940985

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