One Hundred Identical Mortgages Are Pooled Together into a Pass-Through

question 115

Multiple Choice

One 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. If the entire mortgage pool is repaid after the second month, what is the second month's (liquidating) principal and interest payments?

• A)$99,933 interest and $14,989,935 principal.
• B)$100,000 interest and $10,065 principal.
• C)$100,000 interest and $15,000,000 principal.
• D)$99,933 principal and $14,989,935 interest.
• E)$12,000 interest and $138,000 principal.

Identify and document the stages of pressure injuries accurately.

Comprehend the advantages and applications of different wound care products and interventions.

Understand the mechanisms and prevention strategies for pressure injuries.

Ability to assess risk factors for skin integrity issues and implement preventative measures.

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Definitions:

Felony

A serious crime, typically involving violence, regarded as more severe than a misdemeanor, and generally punishable by imprisonment for more than one year or by death.

Misdemeanor

A criminal offense that is less serious than a felony and generally punishable by fines, penalties, or a short term in jail.

Negligent Liability

Legal responsibility for harm caused as a result of failing to act as a reasonable person would have acted under similar circumstances.

Certified Public Accountant

A professional accountant who has met certain education and licensing requirements and is qualified to perform accounting services for the public.