Overseas bank is pooling 50 similar and fully amortized mortgages into a pass-through security.The face value of each mortgage is $100,000 paying 180 monthly interest and principal payments at a fixed rate of 9 percent per annum.

What is the monthly payment on the mortgage pass-through?
A)$37,500.
B)$45,231.
C)$45,309.
D)$50,713.

Question

Overseas bank is pooling 50 similar and fully amortized mortgages into a pass-through security.The face value of each mortgage is $100,000 paying 180 monthly interest and principal payments at a fixed rate of 9 percent per annum.

What is the monthly payment on the mortgage pass-through?

What is the monthly payment on the mortgage pass-through?
A)$37,500.
B)$45,231.
C)$45,309.
D)$50,713.

Quizplus · Accepted Answer

The Answer of Overseas bank is pooling 50 similar and fully amortized mortgages into a pass-through security.The face value of each mortgage is $100,000 paying 180 monthly interest and principal payments at a fixed rate of 9 percent per annum.

What is the monthly payment on the mortgage pass-through?
A)$37,500.
B)$45,231.
C)$45,309.
D)$50,713.

Overseas Bank Is Pooling 50 Similar and Fully Amortized Mortgages