Find the payment necessary to amortize the loan using the amortization table. Round to the nearest cent. 
-$6,500, 12% compounded monthly, 33 monthly payments
Definitions:
Call Price
The specified price at which a callable bond can be redeemed by the issuer before its maturity.
Mortgage-Backed Security Tranches
Portions of a mortgage-backed security segregated by risk, payment timing, or other characteristics to suit different investors.
Default Risk Exposure
The likelihood that a borrower will be unable to make required payments on their debt obligations.
Investment
The allocation of resources, usually money, with the expectation of generating an income or profit.
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