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

question 83

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.

For the first monthly payment,what portion is principal and what portion is interest?

• A)$100,000 principal and $10,065 interest.
• B)$12,000 interest and no principal.
• C)$100,000 interest and no principal.
• D)$100,000 interest and $10,065 principal.

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Definitions:

Physical Closeness

The proximity and tactile interaction between individuals, often leading to psychological and emotional bonding.

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The act of engaging in unwanted or aggressive sexual behavior towards others, often exploiting power dynamics or the vulnerability of the victim.

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The series of physical and emotional changes that occur as a person becomes sexually aroused and participates in sexually stimulating activities.

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