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

question 28

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. What is the monthly payment on the mortgage pass-through if a 44 basis point servicing fee is deducted monthly?

• A)$105,499.
• B)$114,700.
• C)$11,340.
• D)$1,055.
• E)$1,277,494.

Distinguish between training and development and their respective purposes.

Recognize the importance of action planning in career development.

Understand the concepts of a protean career and its implications for personal growth.

Identify the components of a career management system.

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Definitions:

Compulsions

Repetitive behaviors or mental acts that an individual feels driven to perform in response to an obsession or according to rules that must be applied rigidly.

Neurotransmitters

Chemical substances in the brain that transmit signals from one neuron to another, influencing mental processes and behaviors.

Neuroanatomy

The field of anatomy focused on examining the nervous system's composition and arrangement.

Test-Retest Reliability

The degree to which a test yields the same results when it is given more than once to the same person. Test-retest reliability can be evaluated by correlating a person’s score on a given test with the same person’s score on the same test taken at a later time. The higher the correlation between the two scores (as expressed in terms of a correlation coefficient) the more reliable it is.